Lulu opens new store in Al Fakhriyah, Dammam as it further strengthening its presence in Saudi Arabia New Lulu stores are set to open in Makkah and Madinah    Defending the Truth: Saudi Arabia and the 2034 World Cup    Culture minister visits Diriyah Art Futures    Survey: 60% will use Riyadh Metro to go for work or school    Saudi Arabia calls for enhanced international cooperation to address water sector challenges    GCC Preparatory Ministerial Meeting discusses developments in Gaza and Lebanon    Saudi Arabia hosts over 13 million foreign residents from 60 countries, says human rights official    RCRC Chief: Riyadh Metro, featuring environmental sustainability, will improve quality of life and revolutionize transportation    Al Taawoun seals AFC Champions League Two knockout spot with 2-1 win over Al Khaldiya    Israel to appeal against ICC warrants for Netanyahu and Gallant    Trump nominates Keith Kellogg as special envoy for Ukraine and Russia    Missing hiker found alive after more than five weeks in wilderness    Elon Musk publicizes names of government employees he wants to cut    Al-Jasser: Riyadh Metro to accommodate one million passengers daily    Israelis survey damage and mull return to north as ceasefire begins    Al Hilal advances to AFC Champions League knockout stage despite 1-1 draw with Al Sadd    Best-selling novelist Barbara Taylor Bradford dies    Most decorated Australian Olympian McKeon retires    Adele doesn't know when she'll perform again after tearful Vegas goodbye    'Pregnant' for 15 months: Inside the 'miracle' pregnancy scam    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Energy Dialogue seeks to drive economic transformation
Published in The Saudi Gazette on 05 - 11 - 2016

PROMOTING innovation, supporting scientific research, and developing direct investment in the field of technology was called at the Energy Dialogue 2016.
The Energy Dialogue concluded with a summary of the main points that were discussed during the two-day forum. The summary session and closing remarkets were presented by Samer AlAshgar, president of King Abdullah Petroleum Studies and Research Center, alongside Mansoor Al-Mansoor, vice president, finance and operations and David Hobbs, head of research at KAPSARC.
Investment in the field of energy technology was called on during the forum to drive energy transitions and economic transformation which is in itself in line with Saudi Vision 2030 goals, said the president.
China's and India's experience in energy transition was also considered by researchers and policy makers as a rich experiences, which the Gulf countries can benefit from to promote energy security and sustainability.
Due to the continues growth of the transport field and increasing global demand, policy planning in the transport sector and investment in energy efficiency was greatly discussed in the forum and concluded to have significant impact on climate change and energy efficiency.
In regards to local content, the panel indicated that there was a general agreement among policymakers and energy specialist that there are many initiatives for increasing the local content in the Kingdom, however, the challenge lies in the absence of a leading program that can unite the efforts.
Stating the example of Saudi Aramco's local content development supplier initiative In-Kingdom Total Value Add (IKTVA) program and its role in increasing investment, economic diversification, job creation and work force development up to 70% in 2021.
There was also an agreement among policymakers and specialists that rational policies must be the driving forces in climate change. With countries starting at different points depending on their social, economic and infrastructure statues. The panel also stressed that gas is one of the best choices as an energy alternative when the price of gas and its accessibility is economically feasible.
The panel concluded with the vision of KAPSARC being in the top tier of energy research. The true mission of KAPSARC is to improve the welfare of societies around the world and KAPSARC can only achieve this through collaboration among researchers around the world and through collective knowledge, said the president.
Over 300 of the world's leading energy policymakers and researchers attended the Energy Dialogue, which was inaugurated by Khalid Al-Falih, Saudi Arabia's Minister of Energy, Industry and Mineral Resources Tuesday.


Clic here to read the story from its source.