Official: Saudi Arabia creating industrial, economic and educational super-centers
October 20, 2010
Saudi Arabia has taken the lead in the development of industrial, economic and educational super-centers, all with significant support from Saudi Aramco, said the Manager of Technical Services at Aramco Services Co., Majid Al-Ghaslan. In a speech entitled “Economic Trends and Capital Projects in the Gulf Cooperation Council (GCC) States,” delivered recently at the Rice Global Engineering and Construction Forum in Houston, Texas, Al-Ghaslan detailed the rapid expansion of the Kingdom’s key sectors. He cited the establishment of the King Abdullah University of Science and Technology (KAUST), the King Abdulaziz Center for Knowledge and Culture and the series of massive economic cities planned for the Kingdom’s central and upper western regions. These types of large scale, master-planned projects have been pioneered by Saudi Aramco throughout its 75-year history, he noted.
Al-Ghaslan explained that the Kingdom’s rising prominence as a global economic power has been enhanced by the opening of its borders to more joint ventures, as well as its policy of domestic engagement, as demonstrated by the new Saudi Arabia General Investment Authority. He cited Saudi Aramco as a model for the way forward, claiming that years of working the engineering, procurement and construction value chain have positioned the company not only to identify best practices, but also to effectively expand its resource base to encompass the world stage.
The Rice University-hosted forum attracted a prestigious gathering of engineering, procurement and construction executives in the United States, according to a report on Saudi Aramco’s website.