Applied Research and Development in Supporting the Petrochemical Industry, Saudi Arabia PDF

Keywords

Research & Development, Research Funding, Petrochemicals

Abstract

This study illustrates the importance of applied research and development in supporting and developing the petrochemical industry in Saudi Arabia. It highlights the areas in which applied research and development positively affects the direct return on investment, as well the long range objectives of the industrialization program. In addition, the study proposes a methodology for the development of an interactive relation between industrial institutions and research centers aiming at enhancing the capabilities and performance of each other. Emphasis is given to the development of local capabilities to utilize knowledge and benefit from the obtained experience.