The DGDA signs a memorandum of understanding for the use of…

(MENAFN- Saudi Press Agency) Riyadh, May 29, 2022, SPA — In the presence of HRH Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, Minister of Energy, Chairman of the Oversight Committee of the Petroleum Sustainability Program (OSP ), and HE Ahmed AlKhateeb, Minister of Tourism, Secretary General of the Board of Directors of Diriyah Gate Development Authority (DGDA), Oil Sustainability Program (OSP) signed a Memorandum of Understanding with Diriyah Gate Development Authority to promote collaboration in the use of sustainable polymer materials in the projects, providing the technical and logistical support required and collaborating with the entities concerned in this field.
The MoU was signed by Eng. Mohammad Hitham AlTayyar, Program Manager of OSP, and Mr. Jerry Inzerillo, Managing Director of Diriyah Gate Development Authority.
This MoU reflects the interdependence and integration of the Saudi Vision 2030 programs, as the OSP and DGDA are the outcomes of this vision. The OSP aims to maintain and increase the demand for hydrocarbons, whether as a competitive source of energy or as raw materials used to manufacture various important products, while maintaining the highest levels of economic efficiency and environmental. At the same time, the DGDA carries out projects based on the principles of sustainability and environmental protection.
It should be noted that this memorandum of understanding aims to build strategic cooperation between the OSP and the DGDA on hydrocarbon-based materials. This includes identifying opportunities that would improve construction and operating processes in DGDA projects and developing plans to assess and implement those opportunities, as well as developing outreach strategies to highlight common goals. The cooperation also includes the provision of technical information and assistance required for the evaluation of materials, coordination between manufacturers, suppliers and relevant entities, and the provision of assistance required during the implementation of these opportunities.
The Oil Sustainability Program (OSP) was launched in 2020 with the participation of several government agencies, research institutes and companies. It works to maximize the added value of hydrocarbons by developing innovative hydrocarbon-based materials, promoting new and sustainable uses of these materials, such as the use of polymer-based materials. In addition, it supports the localization of the associated supply chain in the Kingdom and explores opportunities to maximize the use of raw materials that utilize Saudi oil as part of the raw material value chain both regionally and globally.
As part of the ambitious Saudi Vision 2030, the Diriyah Gate Development Authority (DGDA) was established in 2017 to preserve Diriyah’s history, celebrate its community and develop the historic district of At-Turaif, which is among the UNESCO World Heritage Sites, in order to be one of the greatest gathering places in the world and a center of Saudi culture and heritage.
The DGDA is working to design, restore and renovate Diriyah through several ambitious projects, while applying the principles of traditional Najdi architecture, for which towns and villages in the central region of the Kingdom have been known for centuries. In addition to focusing on cultural experiences, Diriyah will provide special services in different areas such as entertainment, education, shopping, catering, hospitality, and residential and work spaces.
–SPA
8:05 PM LOCAL TIME 5:05 PM GMT
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