His Royal Highness the Crown Prince launches new KAUST strategy
KAUST ·
Crown Prince Mohammed bin Salman announced KAUST's new strategy to translate research into economic innovations, aligning with national priorities like Health & Wellness, Sustainable Environment, and Energy leadership. A key initiative is launching the National Transformation Institute for Applied Research (NTI) to accelerate tech commercialization. KAUST will also establish a $200M fund for local and international high-tech firms and partner with entities like NEOM on the Reefscape Restoration Initiative. Why it matters: This signals a major strategic shift for KAUST, aiming to boost its impact on Saudi Arabia's economic diversification and technology leadership in alignment with Vision 2030.