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Thuwal, KSA – Dow Chairman and CEO Andrew Liveris officiated at the “Topping Out” ceremony for the Dow Middle East Innovation Center (MEIC) at King Abdullah University of Science & Technology (KAUST) in Saudi Arabia, marking an important milestone for the completion of the superstructure of the dedicated MEIC building which is expected to be operational in the second half of 2018.
Also joining the ceremony were members of the Board of Trustees of KAUST including His Excellency Ali Naimi, Chairman of the Board of Trustees of KAUST, His Excellency Khalid Al-Falih, Minister of Energy, Industry & Mineral Resources, Amin Nasser, President and CEO of Saudi Aramco and Jean-Lou Chameau, President of KAUST.
Liveris said: “KAUST is a long standing partner of Dow and provides multicultural diversity, inclusion and creativity at the intersection of sciences which would foster innovation for human kind. When the new Dow Innovation Center opens in 2018, state of the art technologies such as reverse osmosis, ultrafiltration, energy efficient systems and infrastructure, and roofing systems will be developed by leading Dow researchers right here in the Kingdom and help to solve some of the world’s biggest global challenges. I am proud of the future that Dow and KAUST are building together.”
Dow is a founding member of the KAUST Industrial Collaboration Program which aims to commercialize research into practical applications. As part of the collaboration agreement with KAUST that was initiated in 2009, Dow has implemented multiple programs investing in KAUST students and faculty.
“Our collaboration with Dow continues to be driven by innovative research for the creation of new knowledge and technology,” said Chameau. “The high-risk, high-reward culture at KAUST empowers our leading scientists to partner with industry in order to remain at the forefront of new discoveries in technology and science. We look forward to the research outputs that will help propel further economic development in Saudi Arabia.”
With a floor space of 13,500 m², the new Dow Middle East Innovation Center will be the second largest building in KAUST when completed. Dow currently has an R&D Center at the KAUST Innovation Cluster, focusing on themes such as water, energy efficiency, and reducing environmental footprints that address critical needs in the Kingdom and the broader Middle East region. Liveris was also in the Kingdom to deliver KAUST’s commencement address.
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About Dow
Dow (NYSE: DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company is driving innovations that extract value from material, polymer, chemical and biological science to help address many of the world's most challenging problems such as the need for clean water, clean energy generation and conservation, and increasing agricultural productivity. Dow's integrated, market-driven, industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 180 countries and in high-growth sectors such as packaging, electronics, water, coatings and agriculture. In 2015, Dow had annual sales of nearly $49 billion and employed approximately 49,000 people worldwide. The Company's more than 6,000 product families are manufactured at 179 sites in 35 countries across the globe. On June 1, 2016, Dow became the 100 percent owner of Dow Corning Corporation’s silicones business, a global company with sales of greater than $4.5 billion in 2015, 25 manufacturing sites in 9 countries and approximately 10,000 employees worldwide. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.
About KAUST:
King Abdullah University of Science and Technology (KAUST) is an international, graduate-level research university located on the Red Sea coast of Saudi Arabia. The University is dedicated to advancing science and technology through interdisciplinary research, education and innovation. Goal-oriented and curiosity-driven research is conducted by students, faculty, scientists and engineers to address the world’s pressing scientific and technological challenges related to water, food, energy and the environment.
For Editorial Information:
Chris Chan
Dow Saudi Arabia Company
t . 966 13 806 8738
Email: Chrischan@dow.com
Tina Varghese
Weber Shandwick
t +971 4 445 42 22
Email: dow@webershandwick.com
© Press Release 2017
