Crown Prince and Prime Minister Mohammed Bin Salman, who's also the chairman of KAUST Board of Trustees, launched on Sunday the new strategy of the University. The strategy aims to transform research into economically productive innovations by focusing on the national priorities for research, development, and innovation: Health and Wellness, Sustainable Environment and Essential Needs, Energy and Industrial Leadership, and Economies of the Future. Additionally, the strategy aims to strengthen KAUST's partnerships with both the public and private sectors, which will contribute to achieving the objectives of Vision 2030. The Crown Prince said: "Since the foundation of KAUST, it has distinguished itself with its research, innovations, and faculty, to become one of the leading research universities in the world. The new strategy builds on KAUST's scientific and academic achievements and represents a new era for the University to become a beacon of knowledge and a source of inspiration and innovation in line with Vision 2030 aspirations for the betterment of the Kingdom and the world." The new strategy focuses on increasing the likelihood of turning research into economically beneficial innovations. This ambition will be achieved through three major initiatives: the launch of the National Transformation Institute for Applied Research (NTI) to accelerate technology development and commercialization to support the Kingdom's economic diversification aspirations; the restructuring of research centers to align with national priorities for research, development, and innovation; and the creation of a $200m fund (SR750 million) to deliver unmet investment in local and international firms specializing in high-tech, which will enhance economic diversification and contribute to the creation of high quality technical jobs. The strategy also aims to provide quality opportunities for researchers, faculty staff, and students, supporting them to apply science and research to create a sustainable global impact by strengthening international and local partnerships. Among the most important initiatives resulting from these partnerships is the KAUST Reefscape Restoration Initiative, in partnership with NEOM, which will focus on cultivating and restoring hundreds of thousands of coral reefs on an area of 100 hectares, on Shushah Island in the Red Sea. Additionally, KAUST will continue collaboration with some of the largest companies in the Kingdom and the world, such as Aramco, SABIC, ACWA Power, IBM, Dow, and Boeing. One of the most prominent initiatives of the strategy is to strengthen international partnerships and develop cooperation frameworks with leading academic institutions and technology pioneers in the world. This includes forging strategic cooperation agreements with leading academic and commercial institutes in the Chinese city of Shenzhen to collaborate on applied research across cutting-edge fields like aerospace, robotics, and microelectronics. Through these initiatives and partnerships, KAUST will contribute to developing the higher education ecosystem, nurturing the future scientific research pioneers in the Kingdom, promoting research and global innovation, and stimulating the growth of advanced technology startups. This will enhance the competitiveness of the Kingdom's economy and its global position as a leader in innovation. KAUST's strategy is built upon its legacy and global academic status, as the University boasts a remarkable history adorned with numerous world-leading achievements since its foundation. It ranked first in the world in terms of "citations per faculty", according to the (QS) 2021 classification. The university's research production is also included in the most important 25% of the highest-ranked scientific journals worldwide, surpassing its peer prestigious universities. Through its talent outputs, KAUST has contributed to the world by providing highly skilled professionals who now hold leadership positions and work as CEOs and researchers in various major international institutions, such as NASA, the Massachusetts Institute of Technology, and NEOM, among others. Vision KAUST aspires to be a destination for scientific and technological education and research. By inspiring discoveries to address global challenges, we strive to serve as a beacon of knowledge that bridges people and cultures for the betterment of humanity. Mission We exist for the pursuit and advancement of scientific knowledge and its broad dissemination and benevolent application. Through distinctive and collaborative research integrated with graduate education, we strive to enhance the welfare of society with a special focus on four areas of global significance – food, water, energy and the environment. A new era for KAUST Our unrelenting commitment to research, innovation and talent, has seen KAUST establish itself as one of the leading research universities in the world, ranking #1 for citations per faculty globally, with a reputation for impact-driven research that contributes to the betterment of the world. This new-era of KAUST and our new strategy builds on our many successes, achievements and strong foundations, and represents an evolution that brings us closer to the interests of the Kingdom. Re-focusing research to align with new RDI priorities Through re-focusing our research in alignment with the Kingdom's 2022 RDI priorities, KAUST will play a more active role in supporting Vision 2030 and accelerating impact. KAUST National Transformation Institute Creating the new KAUST National Transformation Institute (NTI) will accelerate our technology development and commercialization to support the Kingdom's economic diversification aspirations. International collaboration & partnerships Synergistic partnerships with top-tier academic institutions and leading international innovation hubs in USA, China and other regions will create opportunities and networks for our people to drive global impact at unprecedented speed and scale. deep tech innovation fund, Capital K, will invest $200 million (SR750 million) over five-to-eight years into early-stage technologies from KAUST, KSA or around the world that will contribute to the economic development and job creation ambitions of the Kingdom. KAUST Reefscape Restoration Initiative KAUST will lead innovation on major projects of national importance, including the world's largest coral reef restoration project at Shushah Island in NEOM. This initiative gives KAUST a stake in the creation of a landmark and world-first marine destination focused on coral propagation, conservation, and enhancement, with nurseries producing 500,000 coral fragments per year.