Saudi Arabian Mining Company (Ma’aden) has signed an agreement with King Fahd University of Petroleum & Minerals (KFUPM) to collaborate on the research and development of mining technology.
The largest multi-commodity mining and metals company in the Middle East, Maaden said the agreement will facilitate collaboration on scientific and technical research, establish joint research programs to develop technology solutions and harness research and development expertise within a governed framework.
KFUPM has 16 research centers based in Dhahran, Saudi Arabia, and spanning multiple disciplines such as research in engineering, hydrogen, renewable energy, intelligent manufacturing and robotics.
Ma’aden said through this deal it will leverage KFUPM’s research capacity to produce viable technology solutions that can be rapidly adopted by the market. The two parties have also agreed to work together to facilitate the development of entrepreneurial businesses.
R&D, technology and digital transformation are essential for the advancement of the mining industry and are critical to deliver Ma’aden’s long-term growth strategy, said its Deputy CEO Abdulaziz Al Harbi after signing the deal with President of KFUPM Dr Muhammad Al Saggaf in the presence of Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Energy and Chairman of the Board of Trustees of KFUPM.
Through its partnership with leading local and international entities and institutions, Ma'aden will pursue to enhance its capabilities to advance the mining industry in the Kingdom, he added.-TradeArabia News Service
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