Home > News > IBM signs deal with Saudi firm on nanotechnology
February 26th, 2008
IBM signs deal with Saudi firm on nanotechnology
Abstract:
IBM and King Abdulaziz City for Science & Technology (KACST), a Saudi research organisation, yesterday announced a multi-year agreement to development nanotechnology for use in the Kingdom's energy and water sectors.
According to Dr Turki Al Saud, KACST vice-president for Research Institutes, the technology will be used in three areas: to increase the country's ability to desalinate water, to harness the use of solar energy to produce electricity, and to produce alternative uses for oil.
"This technology is strategic for the country," he told Gulf News in an interview. The country's council of ministers approved nanotechnology for further development in 2004.
Source:
gulfnews.com
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