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By Sadiq M. Sait King Fahd University of Petroleum & Minerals Dhahran, Saudi Arabia June, 2005

Prince Abdullah Bin Abdulaziz Science Park A New Era for Sustainable Technology-Based Development Presented at Japan Cooperation Council, Petroleum (JCCP). By Sadiq M. Sait King Fahd University of Petroleum & Minerals Dhahran, Saudi Arabia June, 2005. Presentation Outline.

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By Sadiq M. Sait King Fahd University of Petroleum & Minerals Dhahran, Saudi Arabia June, 2005

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  1. Prince Abdullah Bin Abdulaziz Science ParkA New Era for Sustainable Technology-Based DevelopmentPresented atJapan Cooperation Council, Petroleum (JCCP) By Sadiq M. Sait King Fahd University of Petroleum & Minerals Dhahran, Saudi Arabia June, 2005

  2. Presentation Outline • Part I: Mission of the University • Part II: Strategic Plan of KFUPM Science Park • Part III: Progress and Status

  3. Mission of the University A Balance between three key elements: • Generation of new knowledge. • Passing on this knowledge to future generations. • Serving the needs of industry (business) and community.

  4. Methods for Supporting Knowledge-Based Business • Science Cities • Technopolis • High Technology Industrial Parks • Science & Research Parks • Business Incubators

  5. Strategic Plan of KFUPM Science Park • The Vision of the Park • The Mission of the Park • Objectives • PASP Site • Benefits to KFUPM • Benefits to Tenants • Success Factors

  6. Vision To make a significant contribution to the wealth & welfare of the Kingdom of Saudi Arabia through the development of knowledge-based companies Keywords: Closer ties and enduring links between academia and industry

  7. Mission • To develop a financially self-sustaining entity at KFUPM • Development of an entrepreneurial culture • Provision of space in the incubator and science park, and creation of self-sustaining facilities

  8. Objectives • Providing an opportunity for national and Int’l organizations to enhance their business opportunities in the field of petroleum and IT. • Utilizing the Kingdom’s industrial and market strengths in Petroleum and IT sector. • Commercialization of University research. • Providing incubator programs to young Saudis, and promoting emerging small-businesses.

  9. Modes of Participation in Science Park • Single-unit building • Multi-tenant building • Incubator building

  10. PASP SITE

  11. Chronology of Events • KFUPM Science Park Project Committee Formed: 19/05/2002 • Conceptual Plan Prepared: 15/09/2002 • Foundation Stone by HRH Prince Abdullah Bin Abdulaziz: 20/10/2002 • Project Awarded for Layout/Infrastructure Planning: 09/04/2003 • Schlumberger Building Construction Ending: 01/10/2005 • Incubator Program Launched: 01/06/2005 • Intel to Open a Technology Center at KFUPM 01/02/2006

  12. What is in there for KFUPM? • Joint research projects. • Sharing of university laboratories. • Custom-designed courses for tenants. • Tenant staff in graduate programs. • Adjunct appointments of industry experts in the University.

  13. KFUPM Research Strengths?

  14. Benefits to Tenant Firms • Tenant companies can have a significant point of presence in the oil producing region • Tenant companies can enhance their business opportunities in the region • Availability of a skilled work-force pool from the student body, faculty members, and researchers • Opportunity for commercial deployment of University’s intellectual property • Access to the University’s facilities, i.e. research facilities, library, computer center, etc.

  15. KFUPM Pilot and Demonstration Plants

  16. KFUPM Laboratories

  17. Critical Success Factors • Planning, leadership, commitment, & involvement of everyone, for the effective implementation of the plan. • Close interaction between the tenant firms and the University. • A clear management structure, with a Park Manager appointed at an early stage. • Preference to companies in the areas of general strength of the University (Petroleum & IT).

  18. Part III:Progress/Status • What to Expect? • Major Companies Involved in KFUPM • Current and potential tenants of PASP

  19. What to Expect? • University will be surrounded by some of the world’s leading technology companies • Industry participation in academia • The University will build on its current strengths due to proximity with industry • Research & teaching programs will concentrate on modern high-technology

  20. Major Companies Collaborating with KFUPM • SABIC • Saudi Aramco • Schlumberger, USA • Japan Cooperation Center Petroleum • Ciba, Switzerland • Others

  21. International Companies in KFUPM • Schlumberger (Construction is nearing completion) • CIBA Specialty Chemicals, Switzerland. • Japan Cooperation Council for Petroleum. • Intel/KFUPM agree to open a technology center. • Letters of Intent received: • Cytec, The Netherlands. • WIPRO, India. • Institute Francais du Petrole (IFP), France. • Membrana, Germany. • DevCorp Int’l, Bahrain. • Others

  22. Proposal for Funding & Finance • Given its ideal location and the explicit returns for the industry, the PASP-KFUPM Company is being formed with participation from: • KFUPM • Private Investments (Venture Capital) • Saudi major companies (Saudi Aramco, SABIC, possibly others) • The University would be responsible for establishment of standards for leasing, while the operation, maintenance and construction would be the responsibility of the PASP-KFUPM Company

  23. Governance & Management • For effective management and governance, PASP-KFUPM Company will be formed based on the collaboration between three major parties: • University: knowledge and resources. • Industry: financing and R&D. • Government: regulations and incentives. • The Park will be managed as a commercial enterprise by a Park Manager, who heads the management team, and will be overseen by the Board of Directors of PASP-KFUPM.

  24. Finally…. • PASP is a strong statement of KFUPM’s determination to maintain its high standards. • PASP initiative will couple the University with industry, and will create an environment with vast potential for joint technological R&D and enhancement of business opportunities for tenant companies. • At the Science-Park, companies conduct research independently for their own motives, by their own researchers, utilizing their own facilities, and may involve University researchers & facilities, without intervention of University

  25. THANK YOU ! Contact: Dr. Halim Hamid Redhwi Chairman KFUPM Science Park (PASP) Committee KFUPM No. 1823, Dhahran 31261, Saudi Arabia Tel: +966 3 860-3840, Fax: +966 3 860-2259 Email: hhamid@kfupm.edu.sa Website:www.kfupm.edu.sa/sciencepark

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