Sponsored Content - Mohamed Al-Mady wins GPCA Legacy Award ‘Al-Rowad’ 2022
The Gulf Petrochemicals and Chemicals Association (GPCA), the voice of the chemical and petrochemical industry in the Arabian Gulf, has announced that Mohamed Al-Mady has won the 4th GPCA Legacy Award ‘Al-Rowad’ (Honour of a Lifetime).
Launched in 2017, the GPCA Legacy Award takes place each year and honours individuals who have made extraordinary contributions to foster and strengthen the chemical industry in one or more of the GCC states. Al-Mady’s win will be recognised at a special award ceremony during the 16th Annual GPCA Forum on 6 December 2022 in Riyadh, where industry peers and senior leaders are expected to pay tribute to his accomplishments and celebrate his legacy.
The award was given for Al-Mady’s role in developing and advancing SABIC and making tremendous contributions to the chemical and petrochemical industry in Saudi Arabia. He is the former vice chairman and CEO at SABIC and founding chairman of the GPCA between 2006 and 2015.
During his management of the company, SABIC’s global ranking grew from 25th in 1998 to fourth in 2015. Between 1998 and 2015, under Al Mady’s leadership and thanks to government support, SABIC’s assets quadrupled to $87.5 billion, its production capacity grew to over 65 million tones/year, net profit increased dramatically to over $5 billion and its employees more than doubled.
The previous winners of the GPCA Legacy Award have been:
* H.R.H. Prince Faisal Bin Turki Bin Abdulaziz Al-Saud, advisor to the Royal Court of Saudi Arabia and former advisor to the Ministry of Petroleum & Mineral Resources
* Yousef Bin Omair, former Minister of Petroleum and Natural Resources, UAE, former group CEO of ADNOC and former chairman of Borouge
* Abdulaziz Al Zamil (1941-2019), former Minister of Industry and Electricity, Saudi Arabia, and former chairman of SABIC
* Ghazi Al-Gosaibi (1940-2010), former Minister of Industry and Electricity, Saudi Arabia, and founding chairman of SABIC
* Yousef Al Shirawi (1927-2012), former Minister of Development and Industry in Bahrain; and
* Abdulbaqi Al-Nouri (1929-2010), former chairman and managing director of PIC in Kuwait
This year, a specially developed Hall of Fame at the GPCA Forum will showcase the Arabian Gulf Chemical Industry Pioneers who were recognised at previous editions of the Award. The exhibit will encompass interactive media narrating their achievements with a mixture of video, audio and text, providing delegates with a fully immersive experience of the history of the regional industry and the personalities who overcame the challenges of their time to establish a globally competitive regional industry.
Dr Abdulwahab Al-Sadoun, secretary general of the GPCA, commented: “We are honored to be recognizing Mohamed Al-Mady with the 4th GPCA Legacy Award ‘Al-Rowad’ for his contributions to the development and growth of the chemical and petrochemical industry of Saudi Arabia, including for putting SABIC on an upward trajectory of growth and significant global expansion.
“One of Al-Mady’s key legacies in the region as our founding chairman is the establishment of GPCA in 2006 as the first and only regional association to represent the interests of the chemical and petrochemical industry. I look forward to welcoming over 2,500 delegates from 90+ countries and 600 companies from across the globe to celebrate the legacy of Mohamed Al-Mady and make his achievements known to the current and future generations of young leaders.” Launched in 2017, the GPCA Legacy Award takes place on an annual basis and honors individuals who have made extraordinary contributions to foster and strengthen the chemical industry in one or more of the GCC states.