Al-Sultan, chairman of DTVC
board and King Fahd University of Petroleum and Minerals (KFUPM) rector, while SABIC was represented by Yousef A.
We want to elevate the awareness and the importance of Saudi SMEs to operate in the Dhahran Techno Valley,' says DTVC CEO Craig Smith.
53 million) invested so far, DTVC is seeing a shift in strategy to accommodate its Phase II expansion in which petrochemical major Sabic has signed on as its largest partner, thus far taking six lots.
DTVC has promoted companies through funding as well.
In 2015, Aramco established a dedicated Technology Coordination Group, and met regularly with DTVC companies to facilitate new research and development.
In 2015, Huawei joined the roster of international energy technology firms established at DTVC.
The main objective of DTVC is the integral development of Saudi Arabia's ecosystem.
Rehwi called on international companies to join DTVC to enhance knowledge creation, R&D and the technological development of the Kingdom.
DTVC plans to create a research and development hub in Dhahran, bridging the gap between academia and the energy sector.
In December, the DTVC Board approved six key technology themes that will be the focus of its technology commercialisation efforts: advanced materials, geosciences and petroleum engineering, refining and chemical processes, water management, production and treatment, energy efficiency and renewable energy, and advanced computing.
Over 15 major companies were already operating in DTVC
in 2012 in the areas of advanced materials, geosciences and petroleum engineering, refining and chemical processes, water management, production and treatment, energy efficiency and renewables, and advanced computing.