Saudi to double technology spending to $4.27bn

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Saudi Arabia’s King Abdulaziz City for Science and Technology will double spending on technology research over the next five years to SR16bn ($4.27bn), a senior official at KACST said, according to a Bloomberg newswire report on Tuesday.

The kingdom has highlighted 11 areas of technology including oil and gas, water, and nanotechnology as part of its strategic plan, Prince Turki Bin Saud Bin Mohammed Al Saud, vice president for research institutes at KACST, the national science agency, told a conference in Jeddah, Saudi Arabia, Bloomberg added.

Saudi has already started building the first solar-powered water desalination plant, the first step in a three-part program to introduce solar energy into the Kingdom.

The programme, launched by KACST aims to help stabilise future power and water supplies inside Saudi Arabia through the creation of solar-powered desalination facilities.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
What has caused the renaissance of a can-do attitude among Egyptian entrepreneurs?

What has caused the renaissance of a can-do attitude among Egyptian entrepreneurs?

In the midst of terror attacks and economic upheaval, Egypt is...

Busy times at Google-partnered tech hub AstroLabs

Busy times at Google-partnered tech hub AstroLabs

Between its launch event, its first roadshow and a 54-hour-long...

Dubai's first tech hackathon

Dubai's first tech hackathon

Inside the ideas in the AstroLabs competition

Most Discussed
sponsoredTracking