Prince Abdullah Bin Abdulaziz Prince Abdullah Bin Abdulaziz Science ParkScience Park A New Era for Sustainable Technology-

Based Development

Presented at

Japan Cooperation Council, Petroleum (JCCP)

BySadiq M. Sait

King Fahd University of Petroleum & MineralsDhahran, Saudi Arabia

June, 2005

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Presentation OutlinePresentation 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 Mission of the University

A Balance between three key elements:A Balance between three key elements:

• Generation of new knowledge.Generation of new knowledge.

• Passing on this knowledge to future generations.Passing on this knowledge to future generations.

• Serving the needs of industry (business) and Serving the needs of industry (business) and community.community.

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Methods for Supporting Methods for Supporting Knowledge-Based Business Knowledge-Based Business

• Science CitiesScience Cities

• TechnopolisTechnopolis

• High Technology Industrial ParksHigh Technology Industrial Parks

• Science & Research ParksScience & Research Parks

• Business IncubatorsBusiness Incubators

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Strategic Plan of KFUPM Science Strategic Plan of KFUPM Science ParkPark

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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VisionVision

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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MissionMission

• 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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ObjectivesObjectives

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.

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Modes of Participation in Modes of Participation in Science ParkScience Park

• Single-unit building

• Multi-tenant building

• Incubator building

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PASP SITEPASP SITE

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Chronology of EventsChronology 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?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?KFUPM Research Strengths?

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Benefits to Tenant FirmsBenefits 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.

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KFUPM Pilot and Demonstration KFUPM Pilot and Demonstration PlantsPlants

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KFUPM LaboratoriesKFUPM Laboratories

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Critical Success FactorsCritical 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 III:Progress/StatusPart III:Progress/Status

1. What to Expect?

2. Major Companies Involved in KFUPM

3. Current and potential tenants of PASP

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What to Expect?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

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Major Companies Collaborating Major Companies Collaborating with KFUPMwith KFUPM

SABICSaudi AramcoSchlumberger, USAJapan Cooperation Center PetroleumCiba, SwitzerlandOthers

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International Companies in International Companies in KFUPMKFUPM

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

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Proposal for Funding & FinanceProposal 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 & ManagementGovernance & 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.

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Finally….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

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THANK YOU !THANK YOU !

Contact: Dr. Halim Hamid RedhwiChairman KFUPM Science Park (PASP) CommitteeKFUPM No. 1823, Dhahran 31261, Saudi ArabiaTel: +966 3 860-3840, Fax: +966 3 860-2259Email: hhamid@kfupm.edu.saWebsite:www.kfupm.edu.sa/sciencepark