On behalf of the Custodian of the Two Holy Mosques King Abdullah, His Royal Highness Prince Muqrin Bin Abdulaziz chief of General Intelligence, laid the Foundation Stone of the King Abdullah Institute for Nanotechnology in King Saud University in a historic moment was timing frames per second, at 10:10:10 in Sunday 10/10/2010, the event was attended by Governor of Al Dereyah prince Ahmed bin Abdullah bin Abdulrahman Al Saud, Royal Authority of Al Jubail and Yanbu',His Highness Prince Saud bin Abdullah bin Thunayan Al Saud, Chief of Human Rights Aurhority Doctor Bander Al Eban and Deputy Minister Of Education Faisal Al Moammar.

Prince Muqrin said, “Through close monitoring of the international scene and trends of modern technology in the advanced countries, it was noticed that there is great attention and huge financing being provided to the field of nanotechnology because the one who will have the greater share in nanotechnology will rule the world economy in the 21st century.”
Prince Muqrin said, “The Kingdom has never been isolated from this huge technological development in the world. And with its awareness, our leadership realized the value of modern technology in the development of the country. For this reason, the initiative of the Custodian of the Two Holy Mosques came to give attention to nanotechnology. The King is personally enthusiastic about this promising technology. This is a clear indication of a deep understanding of the value of science in achieving socio-economic development in the Kingdom with the highest levels of quality and rare scientific expertise.”
In his speech, Prince Muqrin said, “King Saud University has today become an international institution that is occupying a place among 400 world universities, according to the Shanghai Classification, and is at the top of the list of Arab and Muslim universities. Sincere people are behind this honorable classification. They devoted themselves to serving the nation and raising its stature in the Arab world and in the world in general.”
Prince Muqrin said, “What distinguishes King Saud University is that it always strives to keep abreast of the latest developments in science and technology. Undoubtedly, the different specializations in medicine, engineering, biological sciences and information technology make nanotechnology of utmost importance for scientific research in King Saud University; this technology is considered to be a scientific revolution in the current age.”
Prince Muqrin continued, “The universities have a strategy to boost research in different nanotechnology fields. From this standpoint, there came the royal approval for the establishment of the King Abdullah Institute for Nanotechnology and today we have laid the foundation stone for its construction.”
Prince Muqrin expressed his gratitude and appreciation for the donation by Muhammad Bin Hussein Al-Amoudi to construct the Institute.
“This is not strange for a man who is known for his love and devotion to the rulers of this generous nation,” Prince Muqrin said. “May Allah reward him for this. This donation is an example to be followed and I take this opportunity to call upon businessmen to donate to such projects.” 

For his part, Director of King Saud University Dr. Abdullah Al-Othman expressed his happiness and welcome His Royal Highness Prince Muqrin bin Abdul Aziz, in King Saud University, and said: "I am pleased to welcome Your Highness and you bring honor to the King Saud University on this historic day to lay the foundation stone for the stated scientific lofty is the fruit of the living thought, and holistic vision of the Custodian of the Two Holy Mosques King Abdullah bin Abdul-Aziz - may God preserve him – which is the King Abdullah Institute for Nanotechnology.
Dr Othman said "King Saud University recognizes that you are one of the main pillars supporting the success, a prominent contributor in its programs and on of the loyal men in directing and supporting the university. This comes from you in love with the knowledge and recognition of its role in the revival and construction of establishing Muqrin bin Abdul Aziz's  Research Chair, on the information security techniques aiming at transfer and settlement experiences and techniques in the field of information security through investment and international experiences to promote research, studies and dissemination of the culture of innovation and development in this aspect in order to perpetuate the concept of information security and make it a key factor in the concerned authorities in this regard.