The King Abdullah Petroleum Studies and Research Center (KAPSARC) has signed a memorandum of understanding (MoU) with the Institute of Energy Economics, Japan (IEEJ) to support their strategic partnership, lay a solid foundation for joint ventures, and promote areas of applied research activities, with the aim of accelerating innovation and stimulating the energy transition for a more sustainable energy future. The signing ceremony, which was held in Jeddah on Tuesday, came on the sidelines of the visit of Japanese Prime Minister Fumio Kishida to Saudi Arabia.