Dhahran Techno-Valley
Encyclopedia
Dhahran Techno-Valley is a business cluster
located in Dhahran
, Saudi Arabia
. DTV was recently established by the King Fahd University of Petroleum and Minerals
(KFUPM) to attract research and development
centers of local and international companies and to promote new businesses. It is envisaged as a leading research and technology development nucleus with comprehensive business support.
DTV includes the King Abdullah Science Park (KASP), an innovation center at KFUPM, a liaison
office, business incubator
, industrial consulting office and a science and technology exhibition Scitech
.
Business cluster
A business cluster is a geographic concentration of interconnected businesses, suppliers, and associated institutions in a particular field. Clusters are considered to increase the productivity with which companies can compete, nationally and globally. In urban studies, the term agglomeration is used...
located in Dhahran
Dhahran
Dhahran is a city located in Saudi Arabia's Eastern Province, and is a major administrative center for the Saudi oil industry. Large oil reserves were first identified in the Dhahran area in 1931, and in 1935 Standard Oil of California drilled the first commercially viable oil well...
, Saudi Arabia
Saudi Arabia
The Kingdom of Saudi Arabia , commonly known in British English as Saudi Arabia and in Arabic as as-Sa‘ūdiyyah , is the largest state in Western Asia by land area, constituting the bulk of the Arabian Peninsula, and the second-largest in the Arab World...
. DTV was recently established by the King Fahd University of Petroleum and Minerals
King Fahd University of Petroleum and Minerals
King Fahd University of Petroleum and Minerals is a public university in Dhahran, Saudi Arabia....
(KFUPM) to attract research and development
Research and development
The phrase research and development , according to the Organization for Economic Co-operation and Development, refers to "creative work undertaken on a systematic basis in order to increase the stock of knowledge, including knowledge of man, culture and society, and the use of this stock of...
centers of local and international companies and to promote new businesses. It is envisaged as a leading research and technology development nucleus with comprehensive business support.
DTV includes the King Abdullah Science Park (KASP), an innovation center at KFUPM, a liaison
Liaison
Liaison in general means:# Communication between two or more groups.# Co-operation, working together.but may refer to:* Affair, an unfaithful or adulterous sexual relationship* Air Alliance, a Canadian airline whose call sign was "Liaison'...
office, business incubator
Business incubator
Business incubators are programs designed to accelerate the successful development of entrepreneurial companies through an array of business support resources and services, developed and orchestrated by incubator management and offered both in the incubator and through its network of contacts...
, industrial consulting office and a science and technology exhibition Scitech
Scitech
Scitech is a not-for-profit organisation whose mission is to increase interest and participation by Western Australians in science and technology...
.