KAUST Adds $5.6B Annually to Saudi Economy

The economic value contributed by King Abdullah University of Science and Technology (KAUST) to Saudi Arabia is estimated at approximately $5.6 billion annually, based on an independent assessment using international methodologies. This impact supports around 28,800 full-time jobs and directly adds $2.2 billion to the gross domestic product. The university’s contributions span research areas such as water, health, energy, and the environment. Applied research projects, like algae biotechnology expanded in a new facility for the production of biomass to be used in animal feed, showcase how scientific research translates into tangible value within the industrial sector. This is achieved through partnerships with governmental and industrial entities to maximize the benefits of innovation.

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تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

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