“I call for objective, independent research into the world’s greatest energy challenges, unbiased by political pressures and influences”
To advance understanding of energy economics and act as a catalyst for dialogue, charting a path to better welfare for societies, locally and globally.
KAPSARC's strategic objective is to develop sustainable economic frameworks that lead to:
• Lower costs of energy supply
• Higher value created from energy consumption
• Effective alignment between energy policy objectives and outcomes
We hold three important values across all of our work:
• We strive to combine creativity and rigor in our research and operations
• We achieve results with effective teamwork and collaboration
• We seek to maximize positive societal impact
KAPSARC is an independent, non-profit institution located in Riyadh, Saudi Arabia. The Center was established by a decision of the Saudi Council of Ministers. Its facilities fully opened for business in 2013.
KAPSARC’s activities are funded in perpetuity by an endowment provided by the Government of Saudi Arabia. The endowment enables researchers to conduct independent, objective research without the need to raise capital and without pressure from external funders or donors.
The Board of Trustees has controlling authority over the Center’s affairs, policies, and governance. Chaired by the Minister of Energy, Industrial and Mineral Resources, it comprises three international members and three Saudi members in addition to the president.
The Center is supported by globally recognized energy thought leaders, forming the International Advisory Council, who advise the Center on its ongoing programs and research projects.
Affordable, sustainable energy underpins the growth of a country’s economy and the wellbeing of its citizens. Yet effective energy policy is one of the greatest challenges for governments and other stakeholders across the globe.
KAPSARC was founded as a non-profit global institution for independent research into the economics of energy, to contribute to societal wellbeing and prosperity.
From our base in one of the world’s most important energy-producing regions, KAPSARC develops economic frameworks to reduce the overall costs and environmental impacts of energy supply, increase the value created from energy consumption and achieve effective alignment between energy policy objectives and outcomes.
We collaborate with leading international research centers, public policy organizations, and industrial and government institutions, freely sharing our knowledge, insights and analytical frameworks.
KAPSARC studies topics of global importance – with a particular focus on the Middle East, China, India and East Africa – both in terms of the impacts of policies on their own societies and the spillovers to interconnected global markets.
The Center draws upon the talent and expertise of an international group of researchers comprising more than 15 nationalities.
KAPSARC’s unique Research and Office Complex (ROC) has been designed by renowned architect Zaha Hadid to integrate with the environment and to minimize energy and water consumption. In addition to the Research Center, the modular, adaptive areas and inspiring spaces of the ROC include an Energy Knowledge Center, Conference Center, Musalla and Energy Computer Center.
The ROC employs a variety of sustainable building techniques and advanced technologies and has achieved LEED Platinum certification from the U.S. Green Building Council. Solar power provides a significant percentage of the ROC and Residential Complex energy requirements.
The ROC was named Saudi Arabia’s ‘smartest’ building in the Middle East’s first smart building awards in 2016. The Honeywell Smart Building Score Awards program assessed the smartness of buildings across the region based on three key indicators – green, safe and productive – with the ROC receiving outstanding scores across all three categories.
Nadhmi Al-Nasr was appointed interim president of KAPSARC in March 2017. This appointment is in addition to his role as executive vice president of King Abdullah University of Science and Technology (KAUST). Nadhmi also served as interim president of KAUST from its inception in 2006 through to 2008, during which time, and in collaboration with a leadership team, he supervised the development of the strategic and operational vision and plans, financial and administrative affairs, and economic development initiatives related to Saudi Arabia. Subsequently, Nadhmi was awarded a First Class King Abdulaziz Medal for his service.
Starting his career with Saudi Aramco, Nadhmi spent more than 35 years working with international engineering and consulting firms in the United States, United Kingdom, Netherlands and Japan, and on oil field programs in the Kingdom. He has an extensive track record of developing Saudi Aramco’s long-term strategies and plans, and held several positions after joining the company in 1978, including vice president of engineering services. His contribution to the implementation of the main gas network in the Kingdom and his responsibility for Ghawar oil field capital programs and the Shaybah Development Program have also been recognized.
Nadhmi holds several leadership positions across the Kingdom. These include membership of the Advisory Board of the Supreme Economic Council, the Board of Trustees of the King Abdulaziz Centre for National Dialogue, the KAUST Investment Committee, the KAUST Academic Leadership Selection Committee, and the Board of Education Evaluation Commission at the Chamber of Commerce and Industry in Jeddah. He also chaired the Advisory Board of the Saudi Institute for Research Sciences, and the Education Council of the KAUST School. Nadhmi holds a B.S. in Chemical Engineering degree from the King Fahd University of Petroleum and Minerals (KFUPM) in Dhahran.
Mansoor Al-Mansoor was appointed vice president of finance and operations at KAPSARC in February 2016. Previously, he served as deputy director general of the Human Resources Development Fund (HRDF), where he oversaw the development and implementation of recruitment strategies and the development of young national leaders, as well as supervising the national program to support job seekers.
Mansoor has more than 25 years of experience in the fields of scientific research, training, project management and planning, and human resources development in the public and private sectors, which includes the position of vice president for administrative and human resources affairs in a publicly traded company for seven years.
He has extensive experience in national and international academia, having worked as an assistant professor and lecturer at the Arab Open University and the University of Missouri, and as the dean of the Technical College of Saudi Arabia. Mansoor holds a Ph.D. from Ball State University, Indiana, and a Masters in Human Resource Management and English Language from the University of Missouri. He also holds an Executive Diploma in Financial Management from Harvard University.
David Hobbs was appointed as head of research at KAPSARC in January 2013. Prior to joining the Center, he was both chief energy strategist and head of research at what is now IHS Markit.
Since starting out at British Gas, David has accumulated more than 30 years of experience in global energy industry structure and strategies and has directed projects in Asia, South America, North America and the North Sea, along with leading major international investment and asset commercialization programs. He has also advised on several projects relating to topics such as the Canadian oil sands, clean energy and national energy strategies.
David is an adjunct professor at the University of Calgary, participating in the Global Energy Executive MBA program at the Haskayne School of Business.
Besides being regularly invited to speak at international energy events and conferences, David is author of several studies and analyses on important energy issues ranging from the oil value chain and the problem of assessing oil and gas reserves, to the impact of natural gas supplies on energy markets and technology and the effect on job creation and economic growth of energy industry investment activities. He holds a degree in petroleum engineering from Imperial College London.
The Board of Trustees consists of seven members (arranged below in alphabetical order) composed of three Saudi members, and three international members, in addition to the President, with extensive experience in research, business, and government. His Excellency Khalid A. Al-Falih, Minister of Energy, Industry and Mineral Resources, serves as the Chairman of the Board of Trustees
Robert Brown is a distinguished chemical engineer who has served as president of Boston University since 2005. Under his leadership, Boston University was invited to join the Association of American Universities, which includes the 62 leading research universities in the United States and Canada.
Before coming to Boston University, Dr. Brown held a number of leadership positions at MIT, including Provost, Dean of the School of Engineering, and Head of the Department of Chemical Engineering.
He is a member of the American Academy of Arts and Sciences, the National Academy of Engineering, and the National Academy of Sciences. Dr. Brown also is a director of the DuPont Company, a trustee of the Universities Research Association, and has served on the President’s Council of Advisors on Science and Technology. He is chairman of the Academic Research Council of the Ministry of Education of the Republic of Singapore and serves on Singapore’s Research Innovation and Enterprise Council.
He has published more than 250 papers in areas related to mathematical modeling of transport phenomena in materials, and served as executive editor of the Journal of Chemical Engineering Science from 1991 to 2004.
In 2008, Dr. Brown was named as one of the top 100 Chemical Engineers of the Modern Era by the American Institute of Chemical Engineers.
He earned B.S. and M.S. degrees in chemical engineering at the University of Texas at Austin, and a Ph.D. in chemical engineering from the University of Minnesota.
His Excellency Dr. Muhammad Al-Jasser is Adviser at the Royal Court of Saudi Arabia. He was previously Minister of Economy and Planning for the Kingdom. Prior to that, he was Governor of the Saudi Arabian Monetary Agency (SAMA, Saudi Arabia’s Central Bank) from February 2009, having joined as Vice Governor in 1995. He was the first Chairman of the GCC Monetary Council. His previous positions included Acting Deputy Minister of Finance for Budget and Organization and Executive Director for Saudi Arabia at the International Monetary Fund.
Dr. Al-Jasser was awarded the King Abdulaziz Medal of the First Order. He received the Euromoney (Emerging Markets) Award for Central Bank Governor MENA Region for 2009, Arab Bankers Association of North America (ABANA) Achievement Award for 2010, and the “The Banker” Award for Central Bank Governor of the Year for the Middle East in 2011.
He is a Board/Council Member of various organizations and projects including: the Supreme Economic Council, the Supreme Petroleum Council, and the Public Investment Fund. Dr. Al-Jasser served as Alternate Governor for Saudi Arabia at the IMF, World Bank and Islamic Development Bank and has represented Saudi Arabia at various ministerial committees of the G20. He was the Chief Service Negotiator during the negotiating process for Saudi Arabia’s accession to WTO. He also served on the Governing Body of the Basel Committee on Banking Supervision and the Financial Stability Board (FSB), and was Chairman of the Board and the Executive Committee of the Saudi Telecom Co. (STC) 2006 -2012.
Dr. Al-Jasser received his BA in Economics from San Diego State University, and an MA and PhD in Economics from the University of California.
His Excellency Prof. Hashim Yamani was appointed President of the King Abdullah City for Atomic and Renewable Energy (K.A.CARE) in April 2010. Previously he served as Minister of Industry and Electricity from 1995-2003 and as Minister of Commerce and Industry from 2003-2008.
In the mid-1970s Prof. Yamani was a faculty member at the King Fahd University of Petroleum & Minerals (KFUPM). He later became Professor and Chairman of the Physics Department. After he served as Deputy Chairman at the King Abdulaziz City for Science & Technology (KACST) from 1978 to 1983, he returned to KFUPM in the early 1980s as Head of the newly established Renewable Energy Division.
Prof. Yamani led several key transformative initiatives, including the Kingdom’s Accession to the World Trade Organization, and the push to expand into renewable energy resources.
Prof. Yamani is a member of various organizations including the Supreme Economic Council, Permanent Committee of the Supreme Economic Council, and the Supreme Petroleum & Minerals Council. He also served as acting Chairman of the Board of Directors for a number of organizations.
Prof. Yamani received a B.A. in Physics and Mathematics from the University of California, Berkeley in 1969; an M.A. in Physics from Harvard University in 1971; and a Ph.D. in Physics from Harvard University in 1974.
Prof. Sir Keith O’Nions is Chairman of Cambridge Enterprise, University of Cambridge. Previously he was Rector of Imperial College London from January 2010 until August 2014.
After completing his PhD, he joined the University of Oxford in 1971. He subsequently became Professor of Geology at Columbia University in 1975, Royal Society Research Professor at Cambridge in 1979 and Head of Earth Sciences at Oxford in 1995.
Sir Keith held the position of Chief Scientific Advisor to the Ministry of Defense between 2000 and 2004. He then moved to the Department of Trade and Industry, later known as the Department for Innovation, Universities and Skills, to become Director General, Science and Innovation, and Chief Scientific Advisor. He has been chairman, or a member, of a number of Research Council committees over the last 25 years, including a member of the Council of Science and Technology from 1998 to 2000, and Trustee and then Chairman of the Natural History Museum from 1996 to 2005.
He became a Fellow of the American Geophysical Union in 1979 and a Member of the Norwegian Academy of Science and Letters in 1980. He is a Fellow of the Royal Society (1983), Honorary Fellow of the Indian Academy of Sciences (1998), Fellow of the Indian National Science Academy (2001) and Honorary Fellow of the Royal Academy of Engineering (2005). He was knighted for services to Earth Sciences in the 1999 Queen’s Birthday Honours.
Sir Keith holds an undergraduate degree in geology from the University of Nottingham and a PhD in earth sciences from the University of Alberta, Canada.
Dr. Rajiv Kumar, a world-renowned economist and the author of several books, is a senior fellow at the Center for Policy Research in New Delhi. In August 2017, he was named as the new vice chairman of the National Institute for Transforming India (NITI) Aayog. He was formerly secretary general of the Federation of Indian Chambers of Commerce and Industry (FICCI); joining FICCI in October 2010 as Director General and being appointed secretary general in May 2011. Previously, he was director and chief executive of the Indian Council for Research on International Economic Relations (ICRIER), one of India’s leading independent economic policy think tanks. Mr. Kumar was also a member of the National Security Advisory Board for 2006-2008 and is a non-executive director on the Central Board of the State Bank of India since August 2012.
From 1987-1989, Dr. Kumar was a Professor at the Indian Institute of Foreign Trade; subsequently, he worked for the Government of India from 1989 to 1995, first in the Bureau of Industrial Costs and Prices, Ministry of Industry and then as Economic Adviser in the Department of Economic Affairs Ministry of Finance. In 1995, Dr. Kumar joined the Asian Development Bank, in Manila and assumed several positions during his ten year term.
In 2004, he returned to India to join the Confederation of Indian Industries (CII), New Delhi as Chief Economist.
He has a D.Phil. in Economics from Oxford University and a Ph.D from Lucknow University. His latest book, Many Futures of India, published in April 2011 is a compilation of his columns in some of India’s leading dailies. He is a leading columnist in leading business dailies and his views on matters relating to the economy are widely sought.
The International Advisory Council (IAC) advises the Center on its ongoing programs and research projects. The IAC meets once a year and consists of several members of national, regional and international stature.
H.E. Dr. Majid Al-Moneef is the Secretary General of the Supreme Economic Council of the Saudi Arabian Oil Company (Saudi Aramco). He was previously Secretary General of the Supreme Economic Council of Saudi Arabia and a member of the Majlis Ash-Shura of Saudi Arabia. He also served as Saudi Arabia’s Governor to OPEC. He is the President of the Executive Committee of the Arab Energy Club, a member of the Economic Research Forum, the Oxford Energy Policy Club and the editorial Board of OPEC Energy Review.
Dr. Al-Moneef earned his Ph.D. from the University of Oregon (U.S.) and was Professor of Economics and Vice Dean at King Saud University in Riyadh and President of the Saudi Economics Association. He was a lead author of the second and third assessment reports on climate change of the UN Intergovernmental Panel on Climate Change (IPCC) and Vice President of the World Energy Council. He was also advisor to the Saudi Minister of Petroleum and Mineral Resources, and representative of Saudi Arabia to the OPEC Economic Commission Board.
Dr. Al-Moneef has published extensively on energy economics, international finance and public policy.
Dr. Turki Al-Saud is President of King Abdulaziz City for Science and Technology (KACST), Kingdom of Saudi Arabia. He has a Ph.D in Aeronautics and Astronautics from Stanford University, USA.
Dr. Al-Saud serves in numerous roles:
Dr. Jin-Yong Cai joined TPG Capital as a Partner in February 2016. Dr Cai was the former Executive Vice President and CEO of International Finance Corporation (IFC), which is a member of the World Bank Group and the largest global development finance institution focused on the private sector. Dr. Cai joined the IFC in 2012 after more than 20 years experience in investment banking, including Partner at Goldman Sachs and working with Morgan Stanley and China International Capital Corporation.
He received a Ph.D. in economics from Boston University and a Bachelor of Science degree from Peking University.
Dr. Sunita Narain is a Delhi-based environmentalist and author. She is currently the Director General of Center for Science and Environment (CSE).
Dr. Narain plays an active role in policy formulation on issues of environment and development in India and globally. She has worked extensively on climate change, with a particular interest in advocating for an ambitious and equitable global agreement. Her work on air pollution, water and waste management as well as industrial pollution has led to an understanding of the need for affordable and sustainable solutions in countries like India where the challenge is to ensure inclusive and sustainable growth.
She was a member of the Indian Prime Minister’s Council on Climate Change and has been awarded the Padma Shri, the fourth highest civilian honor. In 2005, the Centre for Science and Environment, under her leadership was also awarded the Stockholm Water Prize. She continues to serve on environment-related national and international committees.
Dr. Richard Newell is the President and CEO of Resources for the Future (RFF), an independent nonprofit that improves environmental, energy, and natural resource decisionmaking through rigorous economic research and analysis. He has held senior government appointments as the administrator of the US Energy Information Administration and as the senior economist for energy and environment on the President’s Council of Economic Advisers.
Dr. Newell is an adjunct professor at Duke University, where he was previously the Gendell Professor of Energy and Environmental Economics and Founding Director of its Energy Initiative. He has published widely on the economics of markets and policies for energy and the environment, including issues surrounding global climate change, energy efficiency, and energy innovation. He is a research associate of the National Bureau of Economic Research and a member of the National Petroleum Council, advisory boards of the National Academy of Sciences, and several other institutions.
Dr. Newell holds a PhD from Harvard University and an MPA from Princeton’s Woodrow Wilson School of Public and International Affairs.
Dr. Adnan Shihab-Eldin is Director General of the Kuwait Foundation for the Advancement of Sciences (KFAS). He was former Acting Secretary General & Director of Research of the Organization of Petroleum Exporting Countries (OPEC). He also serves as Advisor to a number of public and international institutions, including Adviser & Member of Kuwait National Nuclear Energy Committee (KNNEC), and Trustee of the American University of Kuwait. From March 1999 to August 2001, he served as Director, Division for Africa, East Asia & the Pacific, Department of Technical Co-operation, at the International Atomic Energy Agency (IAEA) in Vienna, Austria. From 1991 to 1999, he served as Director, UNESCO Regional Office for Science & Technology (Cairo) and as UNESCO Representative in Egypt, Sudan, and Yemen. From 1976 to 1986, he was Director General of the Kuwait Institute for Scientific Research, serving concurrently (1976-1980) as Vice Rector for Academic Affairs, Kuwait University.
Dr. Shihab-Eldin has taught, lectured and carried out research in physical and engineering sciences, energy economics and technology, at universities and research centers in Kuwait, U.S. and Europe including the University of California, Berkeley, the European Nuclear Research Center, Geneva, and Harvard University, U.S.
He has published extensively and is a regular lecturer and invited speaker at international and regional meetings, covering fields which include: Energy Policy, Economics, Technology & the Environment; Oil Markets; Policy, Management & Development of Science & Technology in Developing Countries; and Higher Education Systems.
Dr. Shihab-Eldin received a B.S. in Electrical Engineering in 1965, an M.S. in 1967, and a Doctorate (Ph.D.) in Nuclear Engineering in 1970, all from the University of California, Berkeley.
Prof. Daniel Sperling is Professor of Civil Engineering and Environmental Science and Policy, and founding Director of the Institute of Transportation Studies at the University of California, Davis. He also holds the transportation seat on the California Air Resources Board, where he plays a prominent role in designing and adopting climate policies for vehicles, fuels, and urban travel. He received a 2010 Heinz Award for his “achievements in the research of alternative transportation fuels and his responsibility for the adoption of cleaner transportation policies in California and across the United States.”
Prof. Sperling is recognized as a leading international expert on transportation technology assessment, energy and environmental aspects of transportation, and transportation policy. He was recent chair of the Davos World Economic Forum’s Council on “Future of Mobility” and the U.S. Transportation Research Board’s standing committees on Sustainable Transportation and Alternative Fuels. He is author or editor of 250 technical articles and 12 books, including Two Billion Cars, has testified many times to the U.S. Congress on alternative fuels and advanced vehicle technology, and serves on senior advisory committees for international energy and car companies and research centers. He earned his Ph.D. in Transportation Engineering from the University of California, Berkeley and his B.S. in Environmental Engineering from Cornell University.
Mr. Masakazu Toyoda is Chairman and CEO of The Institute of Energy Economics, Japan (IEEJ) having held the position since July 2010. He began his career in 1973 in the Ministry of International Trade and Industry (MITI). After working in the Energy and Resources Agency, he moved to the International Energy Agency in 1983. He joined the International Trade Policy Bureau in 1987 where he held the position of Director in various divisions and then the post of Director General for different departments, such as the International Economic Affairs Department and the Multilateral Trade System Department.
In 2002, Dr. Toyoda became Director General for Manufacturing Industries Policy and the following year was named Director General of the Commerce and Information Policy Bureau. He was appointed Director General of the Trade Policy Bureau in 2006 and was made Vice Minister for International Affairs in 2007. In 2008 he was appointed Secretary General of the Secretariat of Strategic Headquarters for Space Policy. He has served as Special Advisor to the Cabinet on Asian Economy and on Climate Change.
Dr. Toyoda holds a Bachelor’s degree in Law from Tokyo University, and gained an M.A. in Public Affairs in 1979 from Woodrow Wilson School of Public and International Affairs, Princeton University.
Dr. Coby van der Linde is the Director of the Clingendael International Energy Programme since September 2001. In the 1990s, she was a visiting scholar at the Oxford Institute for Energy Studies, Chatham House, and the Colorado School of Mines. In 2004 she was appointed to the Chair of Geopolitics and Energy Management (part-time) at the University of Groningen. She is also a member of the Dutch Energy Council.
Her main focus in research is international oil and gas markets, international energy policy-making, international energy co-operation, EU energy policies, OPEC, Russia, Caspian Sea region, Middle East, economics of energy producing countries, geopolitics and geo-economics of energy relations. Coby has a B.A. in Political Science, M.A. in International Relations and Public Law, and Doctorate in Economics (University of Amsterdam).
Dr. Daniel Yergin is a highly respected authority on energy, international politics and economics. Dr. Yergin was awarded the Pulitzer Prize for his book The Prize and his latest book The Quest was published in September 2011. He is a recipient of the United States Energy Award for “lifelong achievements in energy and the promotion of international understanding.”
He is both a world-recognized author and a business leader, as Chairman of IHS Cambridge Energy Research Associates (IHS-CERA). He chaired the U.S. Department of Energy’s Task Force on Strategic Energy Research and Development. He is a member of the Board of the United States Energy Association and a member of the U.S. National Petroleum Council. He is also a member of the International Advisory Council for the King Abdullah Petroleum Studies and Research Center.
Dr. Yergin holds a B.A. from Yale University and a Ph.D. from Cambridge University, where he was a Marshall Scholar.
KAPSARC is searching for some of the brightest minds and most open-minded thinkers to add to our growing research and support teams. We seek intelligent, progressive people who relish a challenge, are not afraid to be original, and are eager to develop and learn