عربي English Türkçe اردو فارسى
Logo
Latest News
Business

KACST, ACWA Power Sign Deal to Establish Clean Energy, Water Desalination Technologies Development Center

The center will employ artificial intelligence and advanced digital technologies - SPA
The center will employ artificial intelligence and advanced digital technologies - SPA
TT
TT

KACST, ACWA Power Sign Deal to Establish Clean Energy, Water Desalination Technologies Development Center

The center will employ artificial intelligence and advanced digital technologies - SPA
The center will employ artificial intelligence and advanced digital technologies - SPA

King Abdulaziz City for Science and Technology (KACST) and ACWA Power Company signed an agreement on Sunday to establish a joint "Clean Energy and Water Desalination Technologies Development Center", according to a press release from KACST.
KACST Vice President for the Energy and Industry Sector Dr. Saeed Al-Shehri and Executive Vice President of Innovation and New Technology Sector at ACWA Power Thomas Altmann signed the agreement in a ceremony attended by KACST President Dr. Munir bin Mahmoud Al-Desouki, ACWA Power Founder and Chairman of the Board of Directors Mohammad Abunayyan, and Senior Vice President for the Research and Development Sector of KACST Dr. Talal Al-Sudairi.
According to the press report, the center will conduct studies and scientific research, and work to attain technical development in vital areas in the clean energy and water sector, including developing solar energy technologies, energy storage technologies to support future energy networks, and innovative technologies and materials for desalination membranes, to reduce costs and emissions of desalination processes.
The center will employ artificial intelligence and advanced digital technologies to help the process of research and achieve goals, SPA reported.
The joint center also aims to increase the contribution of ACWA Power in the complex of national laboratories and innovation oases, to spread the culture of cooperation and innovation in the academic community and the business sector, and to transfer innovative water desalination technology to various areas of the industrial sector.

Most Viewed

 
 
Business

GCC Secretary General: Recommendations of Central Bank Governors Enhance Integration

Gulf Cooperation Council (GCC) Secretary-General Jasem Mohamed Albudaiwi
Gulf Cooperation Council (GCC) Secretary-General Jasem Mohamed Albudaiwi
TT
TT

GCC Secretary General: Recommendations of Central Bank Governors Enhance Integration

Gulf Cooperation Council (GCC) Secretary-General Jasem Mohamed Albudaiwi
Gulf Cooperation Council (GCC) Secretary-General Jasem Mohamed Albudaiwi

Gulf Cooperation Council (GCC) Secretary-General Jasem Mohamed Albudaiwi said Thursday that the outcomes and recommendations of the latest meeting of the Committee of Governors of Central Banks would help enhance financial and economic integration among GCC countries.

His remarks came during the 83rd meeting of the Committee of Governors of Central Banks of the GCC countries held in Doha.

The meeting was chaired by the Governor of the Central Bank of Qatar and current session chairman Shaikh Bandar bin Mohammed bin Saoud Al Thani.

In his statement, Albudaiwi expressed gratitude to Qatari Emir and the President of the Supreme Council in its current session, Sheikh Tamim bin Hamad Al Thani, for Qatar's sincere efforts and diligent work to strengthen the GCC's unity.

He also praised the committee's valuable efforts to enhance cooperation and economic integration among the GCC countries, particularly in the monetary and banking fields. Albudaiwi cited achievements such as the adoption of guiding standards in banking and financial supervision, coordination in combating money laundering and terrorist financing, and the facilitation of financial transactions among GCC countries through advanced technological systems.

Albudaiwi added that the committee's decisions and recommendations on the meeting agenda would promote economic unity among the GCC countries in all monetary matters and drive them forward in this field.