• Initiative -
  • Type General news
  • Date 7th September 2020

Developing Three Models and Tools to Enhance the Economy and Energy System in the Kingdom

The King Abdullah Petroleum Studies and Research Center (KAPSARC) developed three models and tools for the economy and energy system in Saudi Arabia, in its effort to enhance the energy sector locally and globally, enhance Saudi Arabia’s efforts to diversify energy sources and economic prosperity, and achieve Saudi Vision 2030 goals.

The center’s researchers have designed the Vision 2030 Dynamic Input-Output Tool, the KAPSARC Energy Model, and the Energy Policy Simulator Tool, in order to enhance the understanding of energy economics and environmental policies. “In order to predict the future of economic and energy issues and face future energy challenges, the number of open-source models and tools reached more than 20 models, 1,800 databases, and 14 research tools,” Dr. Fahad Alturki, VP of Research at KAPSARC, said.

Alturki pointed out that the development models and tools have provided the latest data and statistics in a variety of subjects and topics, such as Toolkit for Behavioral Analysis, Building Energy Assessment Tool, Transport Analyses Framework, and Energy Data Portal, as KAPSARC is seeking to contribute to enriching the local and global research industry and support researchers in improving the welfare of societies. He also stated that the center has 10 initiatives and produces six different publications, such as research papers, Instant Insights, Data Sets, Commentaries, peer-reviewed journal articles, and podcasts, to support the global energy sector and help the Kingdom to become less reliant on oil and more diversified in energy resources and revenues.

It is noteworthy that KAPSARC seeks to support the local and global research community through a number of tools and open-source data on all topics related to energy, economics, and environment. The center ensures to keep up with the global developments, as it recently launched a database on the impact of the COVID-19 virus on economic and energy indicators locally and globally to highlight the Kingdom’s efforts in addressing the pandemic and ensuring people’s health.

KAPSARC seeks to support the local and global research community through a number of tools and open-source data on all topics related to energy, economics, and environment. The center ensures to keep up with the global developments, as it recently launched a database on the impact of the COVID-19 virus on economic and energy indicators locally and globally to highlight the Kingdom’s efforts in addressing the pandemic and ensuring people’s health.

The center announced last February its progress in the list of the best research centers regionally and globally. KAPSARC jumped 14 ranks in the Middle East and North Africa (MENA) research centers to rank 15th out of 103 research centers regionally, and ranked 13th out of 60 research centers globally specializing in energy policy.

This article originally appeared on Alkhaleej Today