SABIC Signs Deals with KSU

Riyadh, December 20, 2009 (SPA) -- Saudi Basic Industries Corporation (SABIC) and
King Saud University signed an SR 475 Million agreement on Saturday to prepare
engineering design and supervision services for the new SABIC Center to develop
Plastic Applications at the University's Techno-Valley.


The first phase of Techno-Valley project would cost SR 2.25 Billion, said KSU
President Abdullah Al-Othman.


An SR 190 Million agreement would be signed in two weeks to establish a
pharmaceutical research center, he added.
--SPA 14:46 LOCAL TIME 11:46 GMT NNNN