Dhahran, Saudi Arabia: King Salman Energy Park (SPARK), has signed a Memorandum of Understanding (MoU) with King Faisal University in Al Ahsa for collaboration on environmental preservation and renewable energy studies. The agreement was signed on 30 June 2021, in the presence of His Excellency, the Rector of King Faisal University, Dr Mohammed bin Abdulaziz Al Ohali, the President and CEO of SPARK Saif Al Qahtani and accompanying delegates.
The partnership with King Faisal University builds on SPARK’s core values of encouraging social and environmental responsibility, the promotion of operational efficiency, and strengthening connections with neighboring communities. In line with SPARK’s mission to become the world’s leading energy-centric ecosystem, the agreement will aid in the development of innovative solutions for renewable energy and their application to the Kingdom’s distribution grids, sustainable landscaping, minimizing environmental impact and dedicated studies on sand movement and irrigation.
Regarded as one of the oldest and most prestigious Universities in the Kingdom, King Faisal University, established in 1975, strives for excellence in international cooperation and knowledge exchange in education and scientific research. Agreements with the University aim to reinforce academic research activities through dedicated programs and MoU’s that support the exchange of expertise, innovation, and scientific cooperation. Through its scientific chairs program, the University aims to build partnership bridges with local institutions to contribute to achieving excellence in research and higher education, with a focus on current and innovative trends that will support the Kingdom’s growth.
His Excellency, Dr. Mohammed bin Abdulaziz Al Ohali commented, “As part of King Faisal University’s framework, we encourage industry cooperation, working with the most important partners to achieve the relevant national goals, especially in fields related to the energy system. The University, through its relationship with King Salman Energy Park, is keen to work on major participatory projects, harnessing educational, research and advisory resources to serve SPARK’s mission, in a manner that enhances opportunities for the University to be positioned at the heart of SPARK’s business system and its projects.”
Saif Al Qahtani, President and CEO of King Salman Energy Park noted, “This agreement with King Faisal University is one of many important partnerships built to encourage continued innovation and development both at SPARK and for the Kingdom as a whole. Reinforcing our commitment to innovation and sustainability, leveraging the academic excellence of institutions like King Faisal University is a key step in ensuring we have the knowledge and expertise to support our long-term development.”
The MoU with King Faisal University is one of many agreements that SPARK has signed with national institutions to support innovation and collaboration, aimed at catalyzing the Kingdom’s development. Serving as a platform upon which the world’s energy sector can build an integrated future, SPARK is committed to supporting research and development programs that will contribute to the realization of the Kingdom’s Vision 2030.
King Salman Energy Park (SPARK) is a fully integrated industrial city under development. Spanning an area of 50 square kilometers in the Eastern Province of Saudi Arabia, SPARK is being developed with a vision to become the leading gateway to the regional energy sector, offering a complete spectrum of services to support business growth in the Kingdom. SPARK has completed 80% of its first phase which consists of infrastructure, roads, utilities, and real estate assets established across 14 square kilometers, in addition to a dedicated three-square kilometer logistics zone and dry port. A total of six billion Saudi Riyals was invested in the first phase of this mega project, which is set to be completed in 2021. Upon completion, the project will add 22 billion Saudi Riyals annually to the Kingdom’s gross domestic product by 2035, while creating thousands of new highly skilled job opportunities.
For more information, visit www.spark-ksa.com
© Press Release 2021
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