Saudi Basic Industries Corporation ( SABIC ) will launch four new state-of-the-art technology and innovation facilities in 2013, two in Saudi Arabia and one each in India and China, bringing the total number of its research facilities around the world to 18.
The four new centers represent a strategic investment of around half a billion US dollars to continuously improve technology, applications and solutions and meet the needs of an increasingly sophisticated marketplace, as well as address a wide variety of sustainability issues.
Mohamed Al-Mady, SABIC Vice Chairman and CEO, said "by continuing to invest in technology and innovation, SABIC is driving ingenuity forward to meet specific needs of customers as well as society."
"These four new facilities will further empower our global technology and innovation centers to build on their innovative systems to develop new technologies, improve manufacturing processes, and contribute to a sustainable environment for our communities," he added.
The two centers in Saudi Arabia are the Corporate Research & Innovation Center at King Abdullah University of Science and Technology ( KAUST ) in Thuwal, near Jeddah, and the other, the SABIC Plastic Applications Development Center (SPADC) in Riyadh Techno Valley at King Saud University ( KSU ) in Riyadh.
The Saudi Gazette