Saudi Basic Industries Corporation (Sabic) and King Saud University Saturday signed a SR475 million agreement to prepare engineering design and supervision services for the new Sabic center to develop plastic applications at the university's Techno-Valley. The first phase of Techno-Valley project would cost SR2.25 billion, said KSU President Abdullah Al-Othman. A SR190 million agreement would be signed in two weeks to establish a pharmaceutical research center, he added.