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.

King Abdullah Port sponsors logistics forum

Updated 18 September 2018

King Abdullah Port sponsors logistics forum

King Abdullah Port has signed an agreement to sponsor the Supply Chain and Logistics Conference organized by the Transport Ministry. The conference, which will take place on Oct. 15-16 in Riyadh, will be held under the patronage of Transport Minister Dr. Nabil M. Al-Amoudi. Decision-makers, experts and officials from major local and international companies involved in the supply chain and logistics sector are expected to attend.

Highlighting the importance of participating in the event, Rayan Qutub, CEO of King Abdullah Port, said: “Our sponsorship of the conference comes within our commitment to cooperate and exchange expertise with the active players of the logistics sector, which recently has been witnessing major developments in terms of business volume, innovation and solutions that complement Vision 2030 and transform Saudi Arabia into a global logistics hub by promoting its position on the Logistics Performance Index issued by the World Bank.”

“Saudi Arabia has a number of components and facilities that enable it to play a key role in this sector at the regional and global levels, and we will play our part in showcasing the best King Abdullah Port has to offer in the logistics sector, such as solutions and facilitation for investors based on the port’s strategic location on the Red Sea. The port is on the main shipping line between the East and West, which significantly enhances the Kingdom’s competitiveness and positions it among the key countries in global trade,” he added.

Qutub will participate in a session for CEOs, where participants will discuss strategic decisions to reshape and keep pace with the global system of supply chains and logistics.

King Abdullah Port previously announced an increase in container handling reaching 1,236,075 TEU during the first half of 2018, marking a new record of 50.5 percent increase compared to the same period last year. Earlier, the port announced a 21 percent increase in its annual throughput by the end of 2017, making it the second largest port in the Kingdom in terms of container handling. 

Run by the Ports Development Company, King Abdullah Port is the region’s first port to be fully owned, developed and operated by the private sector. It has been listed as the fastest growing container port in the world and one of the world’s top 100 ports after less than four years of operation. Eight of the largest shipping lines work at the port, which offers integrated services to exporters and importers.