Saudi Arabia to help drive Rolls-Royce future

Rolls-Royce pays $300,000 to be member of King Abdullah University of Science and Technology (KAUST) collaboration programme

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Saudi Arabia to help drive Rolls-Royce future Rolls-Royce pays $300,000 to be member of KAUST collaboration programme.
By  Vineetha Menon Published  January 25, 2010

Rolls-Royce announced it will become a founding member of the King Abdullah University of Science and Technology (KAUST) Industrial Collaboration Programme that will see the university contribute in developing technologies for use in Rolls-Royce products.

The announcement was made at the Global Competitive Forum 2010 that's presently taking place in Riyadh, where it was made public that KAUST will now join a team of global academic partners that contribute to product development for Rolls-Royce.

The worldwide power systems provider is active in the aerospace, marine and energy sectors in the Kingdom, with a client list that includes Royal Saudi Air Force, Saudi Aramco and Saudi Arabian Airlines. Globally, it has a customer base that includes more than 4,000 aircraft and helicopter operators, 600 airlines, 2,000 marine customers and energy customers in nearly 120 countries.

Membership in KAUST's Industrial Collaboration Programme (KICP) involves three categories (founder, supporter and small business) that contribute varying amounts.

Founder members like Rolls-Royce have to make an annual contribution of $100,000 to the Programme, supporters have to pay $50,000 and small business members are expected to pay $20,000 annually.

Membership benefits include the chance to create spin-off companies, their pick of graduates, access to KAUST core facilities and technical assistance, invites to special events and more. Every member however needs to commit for a minimum of three years, which means that Rolls-Royce has invested atleast $300,000 in the KAUST initiative.

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