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The Kingdom of Saudi Arabia has always been a lucrative market in this rapidly growing global economy and with the world witnessing accelerated development, there has always been an enhanced requirement of development efforts. The Kingdom’s drive towards a Knowledge Based Economy (KBE) requires the integration of several activities: dissemination, transfer, generation, production, utilization and investment of knowledge in various activities of production and development.
King Fahd University of Petroleum and Minerals (KFUPM) initiated its technology developmental efforts in the year 2002 with the establishment of the Prince Abdullah bin Abdulaziz Science Park (PASP). Schlumberger, a global oil-field service provider was the first company to join PASP in the year 2003. Later in 2005, PASP was renamed as King Abdullah bin Abdulaziz Science Park (KASP) after Custodian of Two Holy Mosques King Abdullah bin Abdulziz Al Saud.
KASP was amalgamated with five other university initiatives in the year 2006 (namely Innovation Center, Business Incubator, Consultancy Services, Liaison Office and SciTech) towards developing Knowledge Based Economy within Saudi Arabia. The complete unit was named as Dhahran Techno Valley (DTV), envisioned to be Middle East’s most prestigious, industrial research and development (R&D) and technology nucleus.
In 2010, DTV Company (DTVC) was created by a Royal Charter, with terms set forth by the Council of Ministers. KFUPM’s relentless efforts in developing innovative technologies for more than a decade now has made it one of the pioneer institutions in the Middle East and Globally.
Contacter : DHAHRAN TECHNO VALLEY COMPANY
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