18 January 2010 17:12 [Source: ICIS news]
HOUSTON (ICIS news)--Nalco has committed to being a founding member of a new Saudi Arabian university programme for industrial collaboration, the US water chemicals firm said on Monday.
Nalco has signed an agreement with the newly established King Abdullah University of Science and Technology (KAUST) to join a programme that aims to promote industrial collaboration, the company said in a statement.
The statement did not say if there was any financial commitment involved and a designated spokesman was not immediately able to elaborate.
The Middle East is a key growth market for Nalco and the company believes that supporting the KAUST programme "will enable us to be even more successful in the region", the statement said.
Water scarcity is a major issue in the Middle East, one of the most arid regions of the world, it said.
The Naperville, Illinois-based company already operates facilities in Saudi Arabia, Qatar and the United Arab Emirates.
KAUST has established a technology transfer office, an innovation cluster and a research park to support the industrial programme, the statement said.
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