Latest news with #AhmadAl-JaberOilandGasExhibition
Kuwait Times
26-05-2025
- Business
- Kuwait Times
Wanhua Chemical and PIC ink MoU to boost cooperation
Kuwaiti and Chinese delegations take group photos after signing the memorandum of understanding. – KUNA photos KUWAIT: The Petrochemical Industries Company (PIC), a subsidiary of Kuwait Petroleum Corporation (KPC), signed a memorandum of understanding (MoU) on Sunday with China's Wanhua Chemical Group to enhance cooperation in the petrochemical sector. The agreement was signed at the Ahmad Al-Jaber Oil and Gas Exhibition by PIC CEO Nadia Al-Hajji, while Wanhua Chemical was represented by company President Qu Guangguo. The signing ceremony was attended by Yu Xingtao, a representative of the Chinese government in Yintai, the company said in a press statement. The MoU aims to open new avenues for collaboration in key areas such as research and development, integrated value chains, and market expansion into high-growth regions. It builds upon a broader strategic agreement signed between the two companies in April last year, which included Wanhua Chemical's acquisition of a 25 percent stake in a cluster of petrochemical plants in Yintai, China. Al-Hajji noted that the facilities involved in the agreement specialize in producing high-value petrochemical products, adding that the partnership will invigorate the sector and foster stronger industrial cooperation between the two nations. She emphasized that the collaboration is designed to generate added value and mutual benefit. As part of their visit, the Chinese delegation toured the Ahmad Al-Jaber Oil and Gas Exhibition, where they were briefed on Kuwait's oil journey — from exploration to production — and the extensive operations of KPC and its subsidiaries in maximizing the nation's hydrocarbon resources. Al-Hajji said the newly signed MoU marks the beginning of a deeper partnership aligned with PIC's 2040 strategic vision, which emphasizes smart investments and planned expansion. She commended the efforts of the joint working teams from both sides, who, through months of dedication and professionalism, successfully translated strategic plans into actionable milestones. For his part, Qu Guangguo affirmed that the visit underscores the growing relationship with PIC, highlighting the MoU's role in promoting innovation, operational excellence and economic growth in both countries. — KUNA
Kuwait Times
20-05-2025
- Business
- Kuwait Times
Kuwait committed to tech advancement
KUWAIT: Ahmadi Governor Sheikh Humoud Jaber Al-Ahmad Al-Sabah reaffirmed Kuwait's unwavering commitment to advancing technological innovation, emphasizing the country's focus on computing, artificial intelligence, and other fields that form the backbone of its developmental vision. Speaking to KUNA on Monday during the closing ceremony of the World Robot Olympiad – Kuwait 2025, Sheikh Humoud underscored the importance of nurturing digital skills and technological literacy among youth as a strategic investment in the nation's future. He praised the coordinated efforts of governmental bodies in supporting initiatives like the Olympiad, stating that such involvement reflects Kuwait's determination to keep pace with rapid global advancements and to contribute meaningfully to sustainable development goals. 'The world is witnessing rapid and continuous transformations in the fields of AI and robotics,' he said, adding that empowering the current generation of tech-savvy youth is essential for developing homegrown solutions that enhance quality of life. He expressed gratitude to the event's organizers, partners, and sponsors, and congratulated all qualifying teams, wishing them continued success. Officials participate in the closing ceremony of the second edition of the World Robot Olympiad - Kuwait 2025. Officials honor the teams that qualified for the Singapore final. Ahmadi Governor honors the winners. Ahmadi Governor honors all teams that qualified for the Singapore final. Also speaking to KUNA, Hamida Rahimi, national organizer of the World Robot Olympiad in Kuwait, noted that preparations for this year's season began in January, with more than 100 countries participating. She explained that the qualifiers concluded at the Ahmad Al-Jaber Oil and Gas Exhibition, where five teams earned spots in the upcoming finals in Singapore, while 11 other teams qualified for regional competitions. Rahimi commended the collaboration between key partners and sponsors, including the Kuwait Oil Company (KOC), the Sabah Al-Ahmad Center for Giftedness and Creativity, the American University of the Middle East, and the Public Authority for Youth. She also highlighted the significant participation from the Private Schools Union, which involved 180 private institutions. Salem Al-Baz, Director of the Technology Development Department at the Sabah Al-Ahmad Center, confirmed the center's ongoing support for participants through the provision of technical resources, training, and specialized robotics equipment. He praised the participants' dedication, noting their strong motivation and potential in the technology sector. The closing ceremony of the second edition of the World Robot Olympiad – Kuwait 2025 drew over 200 participants, including Kuwaiti citizens and residents aged between 8 and 22. Their projects were evaluated by a panel of 60 judges specializing in robotics design and programming. Five teams will represent Kuwait in the international finals in Singapore, with 11 more advancing to regional contests. — KUNA
