SABIC, one of the world's top petrochemical companies, has opened a USD 100-million state of-the-art technology centre in Bangalore, said the media report.
"We are extremely proud to be here, in a city that is a world-renowned centre for technology in India. Saudi Arabia and India have a long history of deep relationships. We believe in the future of India, a rapidly developing nation where partnership and inclusive development is a priority. India is an important market for us in Asia, which is why our investment here is significant," Prince Saud bin Abdullah bin Thenayan Al-Saud, chairman of SABIC and the Royal Commission for Jubail & Yanbu, said.
Built with an initial investment of USD100 million, the centre is one of 17 SABIC global R&D centres of excellence, added the media report.
The technology centre, with an area of 187,000 sq.m., is home to over 300 scientists from India with best and brightest talent from India.
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