Dow Inc. is reportedly considering a strategic exit from its $20 billion chemicals joint venture in Saudi Arabia.
The potential withdrawal concerns the Sadara Chemical Company, a massive industrial complex located in Jubail, Saudi Arabia. The facility is a 50/50 joint venture between Dow and Saudi Aramco, the state-owned oil company of Saudi Arabia.
According to the report, Dow is evaluating whether to sell its stake in the venture. The company is said to be weighing the decision as part of a broader strategic review of its global portfolio.
Sadara Chemical Company is one of the world's largest integrated chemical complexes. The facility produces a wide range of petrochemical products.
The potential exit would represent a significant divestment for Dow. The joint venture has been a cornerstone of the company's strategy in the Middle East.
