Economic Development

KAUST will advance science and technology through bold and collaborative research.

KAUST will advance science and technology through bold and collaborative research. It will educate scientific and technological leaders, catalyze the diversification of the Saudi economy, and address challenges of regional and global significance. The University will also conduct scientific research that leads to discoveries and inventions in strategic fields.

Economic development is a central tenet of KAUST’s mission.

Drawing on global best practices, the University is creating a research community that fosters innovation and creativity. KAUST will support academic and private sector alliances through its technology transfer office, industry collaboration program, business incubator, entrepreneurship program, and venture capital network. The University community will include the Innovation Cluster and a Research Park to support new businesses and provide a base for established companies to tap into the University community’s expertise in science and engineering.