Porter's Five Forces for Saudi Basic Industries Corporation (SABIC)
About SABIC
SABIC, Saudi Basic Industries Corporation is a leading Saudi Stock Company focusing on manufacturing and distributing products across Petrochemicals, Specialties, Agri-nutrients, and Metals. With a global presence, SABIC ranks among the world’s largest petrochemical manufacturers and is the Middle East’s largest non-oil industrial company. The Saudi Arabian Government owns 70% of its shares, with the rest publicly traded. SABIC operates 22 industrial complexes in Saudi Arabia, a global technology network, and over 64 sites in 50 countries with a workforce exceeding 33,000. In March 2023, the company announced a strategic project to manufacture catalysts, aligning with Saudi Vision 2030.
Porter’s Five Forces Model
An analysis was conducted for SABIC, evaluating market-influencing variables like demand and competition. This analysis of the competitive environment provides insightful information for creating winning strategies, along with a graphic depiction of the model as shown below: