The Jeddah Chamber of Commerce and Industry signed on Monday a MoU with King Abdullah University of Science and Technology (KAUST) to create investment opportunities in the field of SMEs, build the digital transformation strategy and develop artificial intelligence.
The KAUST delegation at the signing event was chaired by Vice President of Innovation and Economic Development at the university, Kevin Cullen.
Chairman of the Board of Directors of the Jeddah Chamber Mohammed bin Yousuf Naghi said the future is focused on investment in the knowledge-based economy in the Kingdom.
He noted that the Chamber is an active channel and a bridge to communicate with the private sector, highlighting the successful experiences of KAUST in entrepreneurship and emerging firms.
The chairman further added that there are four sectoral councils at the Chamber that share the university’s strategy.
They are the Councils of Industry, Education and Training, Tourism and Culture, and Urban Development.
