RIYADH: The Saudi Council of Chambers (CSC) and the Saudi Basic Industries Corporation (SABIC) signed a memorandum of understanding (MoU) in Riyadh on Wednesday to build a strategic partnership in local content development.
The accord was signed on the sidelines of the Armed Forces Exhibition for Diversity of Requirements and Capabilities (AFED) show currently being held in Riyadh.
The MoU is to acquaint the private sector with investment opportunities available through the SABIC Nusaned program and the CSC’s Local Content Promotion initiative.
The signatories were CSC Chairman Ahmed Bin Sulaiman Al-Rajhi and Deputy Chairman and CEO of SABIC Yousef Abdullah Al-Benyan.
Al-Rajhi said the MoU was part of the Saudi Vision 2030 strategy. “The cooperation between the Council of Saudi Chambers and SABIC is driven by the important strategic roles that both play in the national economy,” he said.
Al-Rajhi said that the CSC represented the umbrella of the business sector and worked to enhance its participation in Vision 2030 through a series of national and development initiatives, while SABIC had extensive manufacturing capabilities and was one of the world’s largest manufacturers of petrochemicals, fertilizers, metals and innovative plastics.
“It has programs to promote the participation of industrial local content and create opportunities for labor and workforce development,” he said, adding that the CSC and SABIC hoped that this strategic cooperation would bridge the experiences between them to raise the percentage of local content.
Under the MoU, the Saudi Council of Chambers is represented by the Local Content Enhancement Program, while SABIC will be represented by the Nusaned initiative to support investment in small and medium enterprises and develop local content. It is the first product of the local content and business development unit that was established by SABIC in early 2017.
The SABIC CEO said that this was the age of small and medium-sized enterprises and that the Nusaned program provided entrepreneurs with support to set up enterprises and create opportunities for young people.
The MoU aims to enhance joint cooperation between CSC and SABIC by increasing private-sector investment in industrial activity and enhance the value of the sector by organizing workshops, forums and related programs to increase local content.
CSC, SABIC sign MoU to develop local content
CSC, SABIC sign MoU to develop local content
Imam Abdul Rahman bin Faisal University wraps up Handis Hackathon 24
- 16 teams were nominated, showcasing projects across various specializations
DAMMAM: Imam Abdul Rahman bin Faisal University, represented by its Faculty of Engineering, has successfully concluded Handis Hackathon 24.
The event witnessed the participation of 88 male and female university students from the Eastern Province. It took place at the university’s headquarters in Dammam.
Dr. Murad Al-Thobaiti, dean of the faculty of engineering, said: “The event garnered significant participation from both male and female students within the university, as well as from other Saudi universities in the region.”
He said 16 teams were nominated, showcasing projects across various specializations.
Saudi Justice Ministry to host training conference
RIYADH: The Saudi Ministry of Justice is to hold the International Conference of Judicial Training in Riyadh from May 6-7.
The Judicial Training Center hosts the event which will see the participation of several international training institutes, centers, and experts in the field of judicial and legal training. The objective is to facilitate the exchange of experiences and deliberations on contemporary trends in the era of digital transformation.
Called “The Future of Judicial Training in the Era of Digital Transformation,” the event will delve into the prospects of training in the future. It will explore paths for enhancing training content; strategies for harnessing modern technology; artificial intelligence in judicial training; and effective methodologies for measuring the training’s impact.
Saudi energy minister attends Tashkent International Investment Forum
TASHKENT: Saudi Minister of Energy Prince Abdulaziz bin Salman on Thursday participated in the primary dialogue session at the third Tashkent International Investment Forum.
In the presence of the President of Uzbekistan Shavkat Mirziyoyev, the energy minister highlighted the distinguished relations between the two nations, emphasizing the leadership’s strong commitment to enhancing and expanding cooperation across all sectors, particularly energy.
The partnership aims to benefit both countries and their citizens.
Who’s Who: Ali Alhasan, CEO and founder of NanoPalm
- Alhasan co-developed deep tech to leverage large language models for biotech discovery
- He was granted the Outstanding Researcher Award from the International Institute for Nanotechnology in 2012
Ali Alhasan is CEO and founder of the company NanoPalm. He holds a Ph.D. in nanomedicine, with expertise in nano-drug delivery and gene therapy and five years of experience in executive management.
In his role as CEO, Alhasan formulates the strategic and business plans for accelerating therapy translation globally and trains talents in deep tech, nanotech, and gene editing tech.
Alhasan co-developed deep tech to leverage large language models for biotech discovery. He also co-invented Nanopalm’s biorobots for the delivery of gene editing primers and helped discover four nanomedicines for four different genetic diseases.
He is also an associate professor at King Abdulaziz City for Science and Technology and an adjunct professor at Alfaisal University, establishing collaboration agreements between the two.
As associate professor, he is the principal researcher for development and innovation in nanomedicine and the fourth industrial revolution.
In his role as adjunct professor, Alhasan teaches nanomedicine and mentors postgraduate and undergraduate students. He also co-established the Cancer Nanoscience Program.
Previously, Alhasan served in executive leadership roles at KACST as deputy at the Joint Centers of Excellence Program (2021), deputy of the Life Science and Environment Research Institute (2020), director of the Center of Excellence for Biomedicine (2020), and director of Strategic Initiatives (2016).
Alhasan was a post-doctoral scholar at the University of California in 2015 and received his Ph.D. in the Interdepartmental Biological Sciences Program from Northwestern University in 2013.
In 2008, he received a master’s degree in biotechnology also from Northwestern University, while in 2001, he received his bachelor’s degree in medical technology from King Abdulaziz University.
Alhasan was granted the Leader of the Year award from the Ministry of Communication and Information Technology in 2024. In 2018, he received the Outstanding Investigator Award from KACST.
He was granted the Outstanding Researcher Award from the International Institute for Nanotechnology in 2012.
Prince Faisal bin Farhan speaks with Swiss foreign minister
- two ministers discussed developments of common interest and efforts made by both countries in those areas
RIYADH: Saudi Foreign Minister Prince Faisal bin Farhan spoke on the phone with his Swiss counterpart Ignazio Cassis on Thursday.
During the call, the two ministers discussed developments of common interest and efforts made by both countries in those areas, Saudi Press Agency reported.
Cassis was in the Kingdom last month to attend the Special Meeting of the World Economic Forum held in Riyadh on April 28 and 29, during which he met with Prince Faisal.
Prince Faisal and Cassis also met earlier in the year in February during UN meetings in Geneva.
