Saudi Arabia is setting up a New Research and Science University at Rabegh (90 Kms from Jeddah) which is unique of its kind as it has the highest grant (Endowment Fund) in the world after Harvard Business School

It will be called KAUST (www.kaust.edu.sa) and it will offer only Masters and PhD degrees to international and local students in Science and Technology (11 fields) including Mechanical Engineering, Electrical Engineering, Material Sciences and Computer Science.

The KAUST campus and community site is located on the Red Sea, adjacent to the fishing village of Thuwal and 80 kilometers (50 miles) north of Jeddah, Saudi Arabia’s second largest city. The total area comprises more than 36 million square meters, including the University campus, Harbor District commercial center, three distinct residential neighborhoods and a unique coral-reef ecosystem immediately off shore.

Please visit http://makkah.wordpress.com/ \
and http://www.kaust.edu.sa/about/default.aspx for more.