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!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
UAE's role in the new space race

UAE's role in the new space race

In the last five years, the UAE has invested heavily in a bid...

An Instagram photo is worth a thousand words

An Instagram photo is worth a thousand words

Instagram has become the social media platform of choice for...

1
Fear and roaming in the Gulf

Fear and roaming in the Gulf

The Gulf’s telecommunications giants are once more pushing ahead...

Most Discussed