Kuwait Foundation for the Advancement of Sciences (KFAS)

Kuwait Foundation for the Advancement of Sciences (KFAS)

CategoriesAssociation, Non Profit
LocationKuwait
Rating
0.0

The Kuwait Foundation for the Advancement of Sciences (KFAS), a private non-profit organization, continues on its 40-year journey to harness science, technology and innovation in Kuwait, as well as to promote modernization, a better quality of life and a sustainable future for the Kuwaiti people. In line with the long-term vision of the late Amir Sheikh Jaber Al Ahmad Al Jaber Al Sabah and supported by leaders in the private sector, an Amiri Decree was issued in 1976 for the establishment of the Foundation, with a focus on advancing and integrating science, technology and innovation (STI) throughout the country.

The Foundation’s efforts toward fostering STI to address national challenges first began through the pledge made by the private sector shareholding companies to fund the Foundation based on a set percentage of their annual profits — currently at one percent — as well as through the incorporation of a unique governance modality, in which the Board of Directors is chaired and appointed by the Amir of the State of Kuwait. Today, KFAS’s impact is prominently embedded within the country’s scientific and technological accomplishments and advancements.

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