A Saudi Arabian petrochemical company has unveiled plans to launch four new technology and innovation facilities in 2013, with two of them in India and China, respectively. Saudi Basic Industries Corporation (SABIC) will launch its new centres in Bangalore and Shanghai to host around 500 professionals, the company said in a statement. Two other new centres will be based in Saudi Arabia itself and will take the number of the company’s research facilities around the world to 18. The four new centres represent a strategic investment of around half a billion US dollars.
The Bangalore research centre is scheduled to open in the second quarter of 2013. It will deal with application development, strategic business research and corporate research and will focus on diverse areas of research in chemistry, material science, process engineering, analytical and application technology.
Its aim is to support business as a strategic centre of excellence to cater to the global and regional needs.
The centre in Shanghai will open in the third quarter of 2013.
It will deal with application development, strategic business research and corporate research.
