King Fahd University of Petroleum and Minerals Tops The Times Global Ranking

Saudi Minister of Energy Prince Abdulaziz bin Salman. SPA file photo
Saudi Minister of Energy Prince Abdulaziz bin Salman. SPA file photo
TT

King Fahd University of Petroleum and Minerals Tops The Times Global Ranking

Saudi Minister of Energy Prince Abdulaziz bin Salman. SPA file photo
Saudi Minister of Energy Prince Abdulaziz bin Salman. SPA file photo

King Fahd University of Petroleum and Minerals (KFUPM) has topped universities in the Middle East and Africa in the Times Higher Education global ranking, becoming the number one institution not only in the Arab world but across the entire Middle East and Africa region.

This achievement surpasses all universities in Saudi Arabia, the Gulf, Türkiye, South Africa, and other countries in the region.

Saudi Energy Minister Prince Abdulaziz bin Salman pledged that KFUPM would serve as a model not only for the Arab and Islamic worlds but also globally in terms of education. He emphasized that the university would set an example in both higher education and undergraduate programs, aligning with Saudi Arabia’s aspirations.

He added: “We used to say that our ambition knows no bounds except the sky. Now, seeing these tangible outcomes, we believe our ambition must reach the sky.”

KFUPM is a Saudi public university that was officially established by royal decree on Sept. 23, 1963.



Saudi Investment Minister: Local Content is an Important Enabler for Economic Competitiveness

Saudi Minister of Investment Khalid Al-Falih speaks at the Local Content Forum 2024 held in Riyadh. SPA
Saudi Minister of Investment Khalid Al-Falih speaks at the Local Content Forum 2024 held in Riyadh. SPA
TT

Saudi Investment Minister: Local Content is an Important Enabler for Economic Competitiveness

Saudi Minister of Investment Khalid Al-Falih speaks at the Local Content Forum 2024 held in Riyadh. SPA
Saudi Minister of Investment Khalid Al-Falih speaks at the Local Content Forum 2024 held in Riyadh. SPA

Saudi Minister of Investment Khalid Al-Falih stressed that local content is an important enabler for transforming the economy from a rentier system to a prosperous one.

The investment minister added that local content is one of the main pillars of the Kingdom's Vision 2030, viewing it as fuel for the competitiveness of the economy and companies in relevant sectors, including industry, agriculture, energy, municipalities, and tourism.

This came during his participation, along with several other ministers, in a dialogue session entitled "Future Trends for Local Content in Light of the Kingdom's Vision 2030," held on Wednesday in Riyadh as part of the Local Content Forum 2024.

He noted that the vision's goals include developing and diversifying the economy and increasing quality opportunities to ensure sustainability and competitiveness both locally and internationally. He reviewed several successful global experiences in local content that have contributed to increasing the percentage of local content across various sectors and achieving global leadership.

Al-Falih also highlighted the role of the initiatives and programs under the National Investment Strategy, such as special economic zones, regional headquarters, and the Shareek Program, in enabling and motivating investors to invest in the Saudi market and building an attractive investment environment that enhances global quality investments, which will lead to strengthening the national economy and creating more job opportunities.

He mentioned that 95 deals, with an investment value exceeding SAR100 billion, are currently under negotiation through the "GSCRI" initiative.