Nanotechnology institutes are usually approved by a government research agency, university, or CEO, and funded by that agency, university, or corporation. Not so in Saudi Arabia:
Saudi Arabia plans to set up a nanotechnology institute. The proposal has been approved by Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz, according to Dr Abdullah Al Othman, rector of King Saud University (KSU)…Al Othman said that Crown Prince Sultan, deputy premier and minister of defence and aviation, has donated SR30 million [US$8 million] for the recruitment of top research scientists from all over the world.
It’s like traveling back in time to read an announcement like this — to a time when kings and princes still ruled the world. Overall, I prefer today. —Christine