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March 3rd, 2008
Saudi Arabia has announced that it aims to establish itself as a regional leader in nanotechnology research in a bid to lessen its dependency on oil. Saudi Arab's research & development organization King Abdulaziz City for Science & Technology has signed an agreement with IBM Research to establish a Nanotechnology Centre of Excellence.
Dr Turki bin Saud VP of King Abdulaziz City for Science & Technology said that "Strategically this is very important technology for us. We missed the train in the past but we think this is our chance to ride the train and be part of this developed world and we think the partnership with IBM will take us there."
Under the multi year agreement, Saudi scientists and engineers will work alongside IBM scientists and engineers on advanced nano science and nanotechnology programs in 3 fields of solar power, water desalination and petrochemical applications such as recyclable materials.
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