King Salman receives Saudi education officials

King Salman receives officials of theMinistry of Education and Saudi universities at Al-Yamamah Palace in Riyadh on Monday. (SPA)
Updated 11 December 2018
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King Salman receives Saudi education officials

  • The king stressed the role of education in the development of a country

RIYADH: Top officials of the Ministry of Education and Kingdom’s universities on Monday called on King Salman at Al-Yamamah Palace in Riyadh. 

The king stressed the role of education in the development of a country. Saudi Arabia ranks as the largest market for education services in the region, and it also accounts for a growing number of students enrolled in the kindergarten to grade 12 education system in the six-nation Gulf Cooperation Council. 

Strong government support over the past few years has led to the continuous expansion of the education sector by inviting private players to enter the space.

According to a study conducted by Research and Markets, the higher education industry of the Kingdom inclined at a single digit compound annual growth rate during the period 2012-2017. 

The establishment of new universities due to increased investments in the education sector was the key contributor to the augmented revenues generated by the market players.


Saudi Aramco recognized as a leader in the Fourth Industrial Revolution

Updated 22 January 2019
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Saudi Aramco recognized as a leader in the Fourth Industrial Revolution

JEDDAH: Saudi Aramco’s Uthmaniyah Gas Plant (UGP) has been recognized by the World Economic Forum (WEF) as a “Lighthouse” manufacturing facility and a leader in technology applications of the Fourth Industrial Revolution. 
Saudi Aramco is the first energy company globally to be included in this select group of manufacturing sites. The plant is also the only facility in the Middle East to be recognized by WEF. 
The announcement was made ahead of WEFs annual meeting in Davos, Switzerland.
The gas plant is one of the world’s largest gas processing plants and was commissioned in 1981 as part of Saudi Aramco’s Master Gas System to process associated gas from oil wells. 
The use of drones and wearable technologies to inspect pipelines and machinery has helped cut inspection time by 90% in this industrial facility.
“The recognition of the Uthmaniyah Gas Plant demonstrates Saudi Aramco’s shift to transform and adapt in the rapidly changing global energy landscape. Uthmaniyah is only one part of our large integrated energy value chain where IR 4.0 technologies are playing a critical role to enable significant capital and operational efficiencies,” said Amin H. Nasser, Chief Executive Officer of Saudi Aramco.
The seven new facilities join nine other “Manufacturing Lighthouses” which WEF unveiled in September 2018. The 16 factories were selected from an initial list of 1,000 manufacturers based on their successful implementation of cutting-edge technologies of the future that drive financial and operational impact.
The “Lighthouse” program was conducted by WEF in collaboration with McKinsey during a year-long study. A study team visited UGP in Saudi Arabia and performed a thorough audit.