Intel has entered into a joint venture with King Abdul Aziz City of Science and Technology (KACST) to establish the Center of Excellence in Nano-manufacturing Applications (CENA), which is scheduled to open next year in Riyadh.
Under the terms, KACST will provide funds for the equipment and Intel will continue with the research and guide the students.
The graduate students from the region would be able to apply for CENA sponsorships and that might control the brain drain in ME to a significant extent.
CENA is planning to enroll 50 to 60 students in 2010-2011 with scholarships provided partly by KACST and partly by cultural organisations in the region but the move is yet to be finalised.
Mohammed Kuchari, associate professor of King Abdul Aziz University, said: “Centre will be good news for university graduates and Arab expatriates returning to the region because of the global economic crisis. CENA will join a number of other new nanotechnology facilities in Saudi Arabia, several research centres and the country’s first private company.
It will complete the golden triangle for harnessing the combined power of education, research and private investment.