Sabah Al-Ahmad Center & EQUATE Sign MoU
A Memorandum of Understanding (MoU) was signed between Sabah Al-Ahmad Center for Giftedness & Creativity (SACGC), among Kuwait Foundation for the Advancement of Sciences (KFAS) centers, and EQUATE Petrochemical Company, Kuwait's very first worldwide joint-venture in this market.
Subjects covered by the MoU consist of overall partnership for development initiatives, copyright, patenting, technology transfer, Research & Development (R&D), developing abilities and other collaborations for overall sustainability.
SACGC Chairman Barrak Abdulmohsen Al-Sabeeh stated, "This arrangement serves the Center's strategic mission and goals to support and sponsor gifted and innovative Kuwaitis, ensure their abilities, invest their prospective in scientific and technological fields, promote creativity culture in the society, and to protect copyright rights for jobs and concepts by registering them in worldwide patent workplaces.".
Al-Sabeeh included, "In addition to previous agreements with other companies, the MoU in between SACGC and EQUATE highlights the role corporations play in the advancement of the Kuwaiti society through the assistance and sponsorship of youth and the financial investment of their possible and creativity to eventually achieve typical objectives and exchange knowledge in the field of clinical and technological R&D. Being an industrial leader, the MoU's objectives will be achieved through the utilization of EQUATE's resources. In addition, the arrangement will support EQUATE's national manpower to register their ideas and innovations with international patenting workplaces, as well as take part in the Center's workshops to ensure a creativity-based culture in the society.".
On his part, EQUATE President & CEO Husain stated, "Innovation has become a vital element for sustainability through the principles of added-value development and constant learning. Being a constant trip, development is based primarily on the qualified human capital who are capable of benefitting from the fruits of success and lessons of failure.".
Husain kept in mind, "Signing this MoU with SACGC is a strategic step for EQUATE as both organizations are striving for a positive cultural-change through embodying 'Partners in Success'. As the very first Kuwaiti organization to adopt Six Sigma methodology and Highly Reliable Organization (HRO) concepts, EQUATE's human capital have actually shown their ingenious abilities, exceptional commitment and worldwide achievements.
The MoU was signed by Al-Sabeeh and Husain. The finalizing ceremony was participated in by SACGC General-Manager Dr. Omar Al-Bannai, EQUATE Vice President for Technical Services Tareq Jafar Al-Kandari, as well as a number of leaders from both companies.
Following the MoU signing ceremony, participants visited EQUATE Innovation Lounge, which is thought about among the very first innovation centers developed by a personal company in Kuwait. EQUATE is also intending on establishing Innovation Centers at its commercial complex and its new head office.
