Saudi Aramco President and CEO Khalid A. Al-Falih and Massachusetts Institute of Technology (MIT) President Susan Hockfield signed a Memorandum of Understanding (MOU) Saturday here, providing a framework that will greatly expand the research and education partnership between MIT and Saudi Aramco. "Our signing today is a solid testimony to the vision of advancing technology and higher education shared between Saudi Aramco and MIT," Al-Falih said. "We have a long history in forging partnerships with world-class institutions. What excites me is the coming together of great minds from Saudi Aramco and MIT to find solutions for the world's challenges while pursuing research of common interest and building human capital at MIT and Saudi Aramco, and contributing to building a knowledge economy in Saudi Arabia." Several elements of the MOU have been agreed to for implementation, according to a press statement published today. --MORE
