Minister of Commerce and Industry Dr. Tawfiq Al-Rabeeah stressed that the ministry is reaching a suitable mechanism to support pioneering projects based on technologies produced by Saudi universities through loans and facilitating all obstacles that could face these projects, adding that the near future will witness cooperation between the ministry and King Fahd University of Petroleum and Minerals to support entrepreneurship programs and emerging projects that contribute to the development of the private sector in the Kingdom.

This came during his visit to King Fahd University of Petroleum and Minerals.

This came during his visit to King Fahd University of Petroleum and Minerals, where he was welcomed by the university director, Dr. Khalid Al-Sultan, university vice presidents and a number of deans.

About KFU's support for the national economy, Dr. Al-Rabeeah said that the university has produced a large group of national leaders and is one of the leading universities in patent registration at the global level. He expressed his pleasure to visit the Dhahran Technology Valley - affiliated with the university - praising the large and distinguished companies in the fields of oil, gas and petrochemicals.