class research - and shows its commitment to being a significant and active participant in the discussion of such critical issues," the Minister of Petroleum and Mineral Resources said. "The future well-being and prosperity of the Saudi people - and their ability to fully participate in tackling global issues - demands a bold new vision. This was recognized, in his wisdom and clear sight, by the Custodian of the Two Holy Mosques. Successful countries enjoy diversity in their economies, culture and knowledge, not just as consumers but as active producers. Maintaining the position of the world's preeminent energy producer is not enough to guarantee future success. The Kingdom must strive to create a knowledge economy that derives its strength from its people's capabilities and potential. This is where the Center aims to contribute," he added. "The King Abdullah Petroleum Studies and Research Center represents an important building block in the Kingdom's scientific and intellectual development progress. Today, our nation is building new academic institutions that complement our existing educational system. These will advance our knowledge in all areas and scientific fields about issues such as energy, the environment, development and manufacturing," Eng. Al-Naimi said. "They include the establishment a world-class applied research university, the King Abdullah University of Science and Technology. They include the enrollment of more than 130,000 Saudi male and female students in the King Abdullah Scholarship Program around the world. We are making substantial investment in the Kingdom's educational institutions at all levels, and increasing funding for research at universities and national research centers. The King Abdullah Petroleum Studies and Research Center is also a part of a wider plan that aims at introducing world class scientific centers in the Kingdom. It is a serious, long-term commitment that will benefit this and the coming generations. It is within the framework of the efforts exerted by the Government of the Custodian of the Two Holy Mosques to bring about a future of peace, prosperity and progress for the Saudi people," he added. --More
