Prince Abdullah Bin Abdulaziz Science Park A New Era for Sustainable Technology-Based Development Presented at Japan Cooperation Council, Petroleum (JCCP)

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Prince Abdullah Bin Abdulaziz Science Park A 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

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Presentation Outline

• Part I Mission of the University
• Part II Strategic Plan of KFUPM Science Park
• Part III Progress and Status

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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.

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Methods for Supporting Knowledge-Based Business

• Science Cities
• Technopolis
• High Technology Industrial Parks
• Science Research Parks
• Business Incubators

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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

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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

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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

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Objectives

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

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Modes of Participation in Science Park

• Single-unit building
• Multi-tenant building
• Incubator building

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PASP SITE
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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

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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.

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KFUPM Research Strengths?
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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
  Universitys intellectual property
• Access to the Universitys facilities, i.e.
  research facilities, library, computer center,
  etc.

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KFUPM Pilot and Demonstration Plants
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KFUPM Laboratories
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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).

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Part IIIProgress/Status

• What to Expect?
• Major Companies Involved in KFUPM
• Current and potential tenants of PASP

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What to Expect?

• University will be surrounded by some of the
  worlds 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

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Major Companies Collaborating with KFUPM

• SABIC
• Saudi Aramco
• Schlumberger, USA
• Japan Cooperation Center Petroleum
• Ciba, Switzerland
• Others

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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 Intl, Bahrain.
• Others

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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

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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 RD.
• 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.

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Finally.

• PASP is a strong statement of KFUPMs
  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 RD 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

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THANK YOU !

• Contact
• Dr. Halim Hamid Redhwi
• Chairman KFUPM Science Park (PASP) Committee
• KFUPM No. 1823, Dhahran 31261, Saudi Arabia
• Tel [phone], Fax [phone]
• Email hhamid_at_kfupm.edu.sa
• Websitewww.kfupm.edu.sa/sciencepark