A Conversation with SABIC in Riyadh

Bribe, Swindle or Steal

Alexandra Addison-Wrage of TRACE International

News, Business, Business News

4.9 • 582 Ratings

🗓️ 23 October 2019

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

Danielle Cannata, Senior Counsel, International Trade at SABIC, talks about some of the challenges, surprises and successes arising out of doing business in Saudi Arabia.

Transcript

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0:00.0	Welcome back to the podcast, Bribes, Wendell, or Steel.
0:08.7	I'm Alexandra Ragi.
0:10.5	Today I'm in Saudi Arabia for two days of anti-bribery events.
0:13.2	My guest is Danielle Kanata.
0:15.4	Danielle is Senior Council at Sabik, Saudi Basic Industries Corporation.
0:20.1	Sabik is headquartered here in Riyadh, but Danielle is based in Houston.
0:24.0	Thank you for joining me, Danielle.
0:25.4	Thank you for having me.
0:26.6	And thanks for hosting a great event today.
0:28.5	Thank you so much for coming.
0:30.1	Can you tell us a little bit about your goals with this event?
0:33.4	Why Saudi, why now?
0:35.5	When we decided to do the event, we really thought that the time was right to have a large-scale
0:44.5	integrity event in Saudi Arabia for a number of reasons.
0:49.0	First of all, for my company, Saabik, we believe we have been a leader in the anti-corruption and compliance
0:57.1	space in the region for a long time. And we believe that we've really developed a world-class
1:04.5	compliance program that we seek to push out to our suppliers and supply chain partners throughout the region. But as we look ahead,
1:15.8	next year, Saudi Arabia is going to have the presidency of the G20. So the spotlight is really
1:22.9	going to be on Saudi Arabia and Saudi companies. Saudi Arabia also has a national development strategy
1:28.7	called Saudi 2030 that challenges all Saudi businesses to really rise to the occasion by setting
1:35.2	themselves to true international standards. I heard a lot today about Saudi 2030. Is it primarily
1:43.8	a compliance and integrity initiative or it's
	...

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