GIM strikes deal with Saudi Arabia for commercial production of carbon fiber enriched with graphene
UK-based Graphene Innovations Manchester (GIM) has entered into a deal for the commercial production of carbon fiber enriched with graphene in Saudi Arabia. Graphene Innovations Manchester has agreed to construct a factory in the Gulf state to manufacture the material for use in the kingdom's plans to build futurist eco-cities in the desert.
The factory will be built in Saudi Arabia with the backing of investors. Image from: BBC
Reports suggest that about £250 million could be invested in building a research and innovation hub in Greater Manchester as part of the deal and more than 1,000 jobs could be created.