The “Invest in China: CCTV Business Channel CBD China Investment Dialogue” event was held in Beijing on June 24. Co-hosted by China Media Group and the China Council for the Promotion of International Trade, the event announced the CCTV Business Channel "Invest In China" Outstanding Cases 2024. The SABIC Fujian Petrochemical Complex was recognized as one of the top ten outstanding cases of the year.

The SABIC Fujian Petrochemical Complex is a collaboration between Fujian Energy Petrochemical Group and Saudi Basic Industries Corporation (SABIC) at the Gulei Petrochemical Base. With a total investment of around 44.8 billion RMB, it is the largest single investment Sino-foreign joint venture project in Fujian Province so far. This project is a significant step towards promoting the high-quality integration of the “Belt and Road” initiative with “Saudi Vision 2030”. It has garnered considerable attention from leaders in both China and Saudi Arabia. In February this year, the main construction of the project started fully, and it is scheduled to begin testing and preparation work in the second half of 2026, with an anticipated annual ethylene production capacity of up to 1.8 million tons.

The project incorporates 19 cutting-edge technologies from around the world, known for their strong economic advantages, a high percentage of top-tier products, minimal energy consumption and emissions, extensive infrastructure, and substantial drive to downstream development. After the project is finished, it will assist the Gulei Development Zone in speeding up the establishment of a top-tier green ecological petrochemical base.