Dow opens R&D centre at Saudi university
Research to focus on water and water treatment at initial stages
Dow Chemical and King Abdullah University of Science and Technology (KAUST) will build a state-of-the-art research and development centre next to the university’s Research Park and Innovation Cluster.
The Dow Middle East R&D Centre, whose research will initially focus on water and water treatment technologies, is earmarked to be ‘substantially completed’ by the end of 2010.
As part of the joint initiative, Dow has an initial funding commitment of US $1 million to support multi-year research projects and initiatives.
“By establishing the Dow Middle East R&D Center at KAUST, Dow has taken the lead among a group of distinguished multinational companies to partner with the leading representation of King Abdullah’s vision for KAUST,” said Andrew Liveris, chairman and chief executive officer, The Dow Chemical Company.
“This is a memorable and promising day in Dow’s history, as we strive to invest for growth in fast-paced and high-potential economies like that of Saudi Arabia, and as we strive to ensure that our growth is sustainable and that our contributions to the world help address global challenges and provide for everyday, human needs. We stand by our partner in the endeavor to translate Saudi Arabia’s aspirations into reality”.