Global Energy Initiative: Key role for Crescent Petroleum CEO

Updated 04 September 2013
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Global Energy Initiative: Key role for Crescent Petroleum CEO

Majid Jafar, CEO of Crescent Petroleum, described as the Middle East’s oldest private oil and gas company, and vice chairman of the Crescent Group of companies, has been elected deputy chairman of the Global Energy Initiative (GEI), a major international not-for-profit organization with the mission of promoting sustainable energy for all to fight energy poverty, protect the environment, and mitigate the effects of climate change.
Headquartered at UN Plaza in New York, the GEI aims to tackle the issue of energy poverty in the poorest countries of the world, and has as its mission to create “a new energy paradigm that will contribute to more equitable economic and social development — to the benefit of humanity in general — and to the developing and least developed countries in particular.”
Majid Jafar, who is also MD of the board of Dana Gas PJSC and a board member of the Sharjah Chamber of Commerce, was elected deputy chairman of the GEI by the board of directors of the international organization, which includes former ministers and UN officials, leading academics, experts and corporate CEOs.
According to Jafar, one of the most important elements of GEI’s work is its dedication to the broader principles and guidelines adopted by the UN for achieving the sustainable development goals (SDGs), which will contribute to the success of “2014-2024: The Decade of Sustainable Energy for All” — a historical effort by the international community to fight energy poverty and strengthen global energy security, while protecting the environment and mitigating the effects of climate change.

Majid Jafar, CEO of Crescent Petroleum and deputy chairman of the GEI, said: “Like food, shelter, and medicine, access to affordable energy for all people must be viewed as an international objective that will require cooperation and coordination on a global scale to achieve in a sustainable manner that encourages development.”
Among its other activities, the GEI will be hosting the Global Conference on Energy Sustainability and Security at UN Headquarters in New York on Dec. 11 and 12, in partnership with governments from across the world.
The conference will help to establish the vision, priorities, and action plans necessary for creating a new global sustainable energy paradigm that will contribute to more equitable economic and social development, benefiting all nations and people, strengthening the role of public-private partnerships, and promoting understanding between developed and developing countries on energy policies, technology transfer, and sharing best practices.


MCIT, Huawei launch Kingdom’s first IoT Lab

Updated 10 December 2018
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MCIT, Huawei launch Kingdom’s first IoT Lab

The Ministry of Communications and Information Technology (MCIT) and Huawei have announced the launch of the Kingdom’s first Internet of Things (IoT) lab and a fund of $1 million to support Saudi entrepreneurs. The announcement was made during the Huawei Day 2018 event held at The Ritz-Carlton, Riyadh.

The event was attended by Dr. Sulaiman Mirdad, minister adviser for IT industry development; Dennis Zhang, CEO of Huawei Saudi Arabia; and other representatives, including senior government officials, IT leaders and professionals.

The new lab will be located at Huawei’s innovation center in Riyadh and aims to provide entrepreneurs with a platform to innovate IoT applications, which will directly target the most important vertical sectors to the Kingdom.

This joint initiative between MCIT and Huawei is expected to boost the development of products and applications and promote an open and participatory IoT ecosystem. The new IoT lab is the first such innovation and development joint lab in Saudi Arabia. 

Under this cooperation, Huawei has also made available $1 million of funding to developers to accelerate the adoption of IoT in the Kingdom.

IoT development and innovation have transformed traditional industries and daily life. As hundreds of millions of IoT devices will be used for innovative services, the technology has a key role to play in digitalization across industries. Yet currently there is not much IoT adoption in Saudi Arabia, and there is a shortage in local skills and funding necessary to drive the sector forward. The lab is intended to bridge this gap, and ultimately to drive forward the Kingdom’s digital transformation forward and assist the leadership in achieving their vision of building a knowledge economy, in line with Saudi Vision 2030 and the National Transformation Plan 2020.

Dr. Ahmed Altheneyan, deputy minister for technology and digital capacities at MCIT, said: “We are proud to launch the Kingdom’s first IoT lab and fund with our partner Huawei, believing as we do that this initiative will help to promote ICT innovation and entrepreneurship ecosystem, accelerate the adoption of emerging technology within the Kingdom, and support in developing the skillset and technology necessary to enable our vision and national transformation plan.”

Huawei Saudi Arabia CEO Zhang said: “Saudi Vision 2030 calls for the development of the Kingdom into an innovative and globally competitive economy through digital transformation, and our aim at Huawei is to support the success of this vision. 

We are committed to open innovation and collaboration to promote the IoT sector here in Saudi Arabia and we see the launch of this lab as another milestone in our strategic partnership with MCIT.”