Start-up Projects in Saudi Universities Contribute to the Development of the Private Sector in the Kingdom
HE Dr. Tawfiq Al-Rabiah, Minister of Commerce and Industry, emphasizes that the ministry is in the process of reaching for an appropriate mechanism for supporting start-ups which are based on technologies produced by Saudi universities through loans and by removing all obstacles that may encounter these projects. The near future will witness cooperation between the ministry and KFUPM to support entrepreneurship programs and start-ups that contribute to the development of the private sector in the Kingdom.
This declaration was during his visit to KFUPM on Tuesday 28th November 2015, where he was greeted by HE Dr. Khalid Al-Sultan, Rector of the University, Vice Rectors and a number of Deans.
Regarding KFUPM’s support to the national economy, Dr. Al-Rabiah said that the university has graduated a large number of national leaders, it is also one of the globally leading universities in patents filing. He also expressed his pleasure to visit Dhahran Technology Valley, which is a part of KFUPM, praising its large and distinct companies in the oil, gas and petrochemical fields.
Dr. Al-Rabiah listened to a presentation by the Dean of College of Engineering Sciences Dr. Omar Abdallah Al-Swailem about scientific departments in the university, its academic programs and activities in the fields of education, scientific research and community service. Dr. Al-Swailem also talked about KFUPM’s leading initiatives and partnerships with the most important universities, technical and industrial companies all over the world.
Dr. Mohammed Al-Zahrani, Dean of college of Industrial Management, also delivered a presentation on the level of scientific and academic qualification provided by the college to its students, pointing out that the College of Industrial Management got the first academic accreditation in the Middle East for its scientific programs from The Association to Advance Collegiate Schools of Business (AACSB) in 2002, he also pointed out the College's efforts in community service in organizing general and specialized programs and providing scientific consultations for all Kingdom's sectors.
The visit also included the Innovation Cluster in Dhahran Technology Valley, which includes modeling and Technology Development Center, Innovation Center, Entrepreneurship Institute, Office of Industrial Relations, Dhahran Valley Company, “Waaed Program”, Technovia Company and Huawei Center.
During his visit to the valley, Dr. Al-Rabiah also listened to a presentation on the valley's infrastructure and centers of the world's largest industrial and technical companies joining the valley, such as Schlumberger, Honeywell, Yokogawa, Amiantit, General Electric, San Rose and other companies, in addition to their programs of cooperation with KFUPM’s researchers in relevant research domains.