million-per-year program for a period of five years. Al-Falih also announced Saudi Aramco's plans to create a satellite R&D center in Cambridge, Mass., to enhance the research collaboration and facilitate the exchange of researchers, according to the statement carried today by the Jeddah-based Saudi Gazette. Saudi Aramco and MIT also have agreed to the terms of an enhancement of the Ibn Khaldun Postdoctoral Fellowship for Saudi Arabian women and to the terms of an engagement with the MIT Venture Mentoring Service aimed at increasing entrepreneurial activity in Saudi Arabia. Hockfield said "the relationship contemplated by the MOU would represent another substantial partnership between academia and industry, and serve MIT's commitment to advance research, technology development and education around the world. We welcome this opportunity to build the scale and scope of our existing partnership and to enhance the transfer of knowledge between our two institutions." --MORE
