Dow Chemical becomes first foreign company to get Saudi Arabia trading license

摘要

Dow Chemical said it became the first foreign company to receive a trading license from Saudi Arabia as the kingdom plans to diversify its economy and free its dependence on oil exports amid a slump in global oil prices. Saudi Arabia's powerful deputy crown prince Mohammed bin Salman held a full day of meetings with US lawmakers recently, part of a visit aimed at restoring frayed ties with US and promoting his plan to wean the kingdom away from oil revenue. The trading license will give full ownership in the country's trading sector, the chemical maker said.