a rapidly growing market of more than two billion people. While the technology is still in its early stages, KAUST views the Sargent team's work as a potential game-changer in solar energy. By securing early rights, KAUST is investing long term in Saudi Arabia's commitment to shift from an oil-based to a sustainable energy economy. The agreement is expected to be the first of many by KAUST to help become a premier global technology broker and help develop Saudi Arabia as a regional hub of technology-based economic development. Inaugurated in 2009, KAUST¹s economic development vision is to become the leading model of technology based development in the Kingdom and to catalyze transformation of the Kingdom's economy.
