Gulf Cooperation Council Interconnection Authority (GCCIA) and the Royal Commission for Jubail and Yanbu (RCJY) have signed a Memorandum of Understanding (MoU) in order to bolster collaboration frameworks, promote shared standards, and encourage the exchange of expertise.
The MoU marks a significant step towards fruitful partnership in various fields, including industry, development, strategy, academia, science, research, and training.
The agreement was signed by Mr. Khaled bin Mohammed Al Salem, President of RCJY, and Mr. Ahmed Al Ebrahim, the CEO of the GCCIA.
Mr. Al Ebrahim highlighted that the signing of this MoU signifies a commitment to improving collaboration between RCJY and GCCIA. This alliance is centered on human development and efficiency enhancement.
The MoU focuses on promoting academic, research, and consultancy cooperation in scientific research and studies. It emphasizes the optimal utilization and development of human, scientific, and technical resources between the two entities.
Further, the agreement encourages the exchange of research findings, training programs, developmental initiatives, scientific endeavors, and cultural visits, while also facilitating the provision of technical consultations.
Commenting on the MoU, Mr. Al Salem noted that “this project is part of the comprehensive integration efforts among GCC countries, which exemplify the cooperative spirit among member states.”
Under the MoU, RCJY and GCCIA will collaborate on conducting comprehensive studies about environmental, social, and governance practices. The objective is to align their respective visions and goals.
“They will also engage in research and development activities, with a particular focus on energy transformation technologies and resource efficiency enhancement techniques. The sharing of experiences and expertise will encompass areas such as investor management, corporate communication, reputation management, and marketing, ultimately leading to the formulation of viable and executable projects,” according to the statement.
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