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FINANCIAL NEWS
Saudi launches SABIC’s USD100 m technology center
01 Dec 2013
(MENAFN) Prince Saud bin Abdullah bin Thunayan Al-Saud has announced the launch of the technology center Saudi Basic Industries Corporation’s (SABIC) at USD100 million, according to Arab News.
Prince Saud bin Abdullah, president of Royal Commission for Jubail and Yanbu (RCJY) and chairman of the board of directors of SABIC, said: “We are proud to have our facility in Bangalore, which is a world-renowned center for technology in India.”
Saudi Arabia has chosen Bangalore, capital of the southern Indian state of Karnataka, for the center’s location as it is considered as the technology hub for research in chemistry, material science, process engineering and analytics.
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