Viewed in isolation, Dow Chemical's decision to fund an academic research centre in Saudi Arabia has no obvious payback.
But consider there is a US$20 billion (Dh73.46bn) petrochemicals project hanging in the balance, and the US company's move begins to make sense.
Saudi Arabia is in a dance with investors over how to develop an industry that relies on its natural resource base, but unlike oil, has the potential to create thousands of jobs.
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