Nusaned Investment Company, a Sabic-owned affiliate, signed an investment agreement through the Nusaned Fund, with the Green Kingdom Industries (GKI) and the Italian company (AMUT) to establish a plant for recycling polyethylene terephthalate (PET) bottles in Rabigh.

The move adds to the company's commitment to investment in small and medium industrial establishments and contribute to achieving the goals of the Kingdom’s Vision 2030, reported Saudi Press Agency (SPA).

The plant will produce recycled PET flakes for food use to serve the local and global markets.

Faisal Al-Bahair, CEO of Nusaned Investment Company, said this new achievement crowns the company's strategic efforts in line with Sabic's goals to support local content and help enhance the kingdom's competitiveness globally.