 "Sadara and SNAM sign pact for auto cluster")
Sadara Chemical Company (Sadara), a joint venture between Saudi Aramco and Dow Chemical, has signed a cooperation agreement with Saudi National Automobiles Manufacturing Company (SNAM) for SNAM’s planned automobile manufacturing cluster in PlasChem Park.
Under the agreement, Sadara will work with SNAM’s auto cluster tenants who will include automobile parts manufacturing companies - primarily Original Equipment Manufacturers (OEM) and automotive tier 1 and tier 2 manufacturers - and identify potential third-party investors who are able to utilise Sadara’s slate of specialist chemicals and plastics products to manufacture automotive parts locally.
Spread over an area of 1 million square meters, the auto cluster
