MBSC signs pact with INSEAD

The partnership between Prince Mohammed bin Salman College for Business and Entrepreneurship (MBSC) and INSEAD was signed during the crown prince’s visit to France.
Updated 12 April 2018

MBSC signs pact with INSEAD

The Prince Mohammed bin Salman Foundation (Misk) has launched a partnership with the Paris-based business school INSEAD to organize summer programs for students of the Prince Mohammed bin Salman College for Business and Entrepreneurship (MBSC).

The signing of the agreement took place during Crown Prince Mohammed bin Salman’s visit to France. It was attended by Badr bin Mohammed Al-Asaker, secretary-general of the Misk Foundation.

After signing the agreement, Dr. Nabeel bin Abdul Qader Koshak, dean of MBSC, said: “The Misk Foundation believes in the significance of this advanced program, and it aspires to transfer knowledge and best practices to the nation’s youth, which would in turn contribute to the development of the Kingdom’s entrepreneurial ecosystem.

“This agreement strengthens the ambition of cooperation with the best universities and institutions in Europe, particularly in the fields of entrepreneurship and technology. It will also play a major role in expanding the horizons of those studying at MBSC and enrich their academic and knowledge expertise, in addition to instilling the spirit of entrepreneurship among them.”

Professor Peter Zemsky, deputy dean of INSEAD, said the institute hoped to contribute to the organization of advanced programs in the fields of entrepreneurship, leadership and technology for MBSC students.

“We are excited to launch this important new partnership with MBSC and support their important work in shaping the next generation of Saudi business and public-sector leaders and entrepreneurs. INSEAD is committed to actively engaging in the transformation we are seeing in Saudi Arabia today.”

MBSC is the first private institute of higher education in Saudi Arabia to offer MBA programs in business administration with a focus on entrepreneurship.

The college was launched in collaboration with Babson Global as a vital step toward establishing an entrepreneurial ecosystem in Saudi Arabia in line with the Kingdom’s Vision 2030.

The college, located in King Abdullah Economic City, offers MBA programs for male and female students.

Saudi port ‘most advanced’

Updated 44 min 26 sec ago

Saudi port ‘most advanced’

King Abdullah Port has concluded its participation in the Global Infrastructure Congress by winning an award for the most advanced port. The award was presented during the closing ceremony of the conference, which was recently held at the Grand Hyatt Dubai hotel. The event was held under the patronage of UAE’s Minister of Infrastructure Development Abdullah B. Al-Nuaimi, and in partnership with the Federal Transport Authority — Land and Maritime and the Sheikh Zayed Housing Program.
Rayan Qutub, CEO of King Abdullah Port, said: “The award represents a culmination of the port’s efforts in realizing Vision 2030 as a key player in the maritime shipping and logistics sector.” He extended his thanks and appreciation to Al-Nuaimi for “the valuable award, which reflects the status the port has reached after only five years of operation.”
The award came in recognition of the port’s efforts in innovating new, distinguished practices in the port sector, in addition to providing world-class ideas, initiatives and projects that contribute to empowering and delivering sustainable and ready-to-use infrastructure solutions. It was announced that King Abdullah Port had won among more than 100 participants.
King Abdullah Port also participated in the Port and Marine Infrastructure Forum, which was attended by representatives from ministries, port authorities, private sector developers, and industry actors. Qutub delivered a detailed presentation on the port’s latest developments in regards to infrastructure and operations during a session titled “Global Perspectives and Best Practices.”
As of the end of 2017, King Abdullah Port has become the second-largest port in the Kingdom in terms of container handling, and it was recently ranked the eighth fastest-growing port in the world in 2017, according to Alphaliner, the global leader in analyzing maritime transport data, port capabilities and the future of vessels and shipping route development.