Saudi-US entrepreneurship college set up

Deputy Crown Prince Mohammed bin Salman. (SPA)
Updated 18 June 2016
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Saudi-US entrepreneurship college set up

WASHINGTON: Deputy Crown Prince Mohammed bin Salman attended the launch Friday of a college to develop Saudi business leaders and entrepreneurs, to be based at King Abdullah Economic City in Rabigh.
The Prince Mohammad bin Salman College for Management and Entrepreneurship is a partnership between the economic city, Mohammad bin Salman bin Abdulaziz Foundation (MISK), Global Babson College and Lockheed Martin Saudi Arabia, according to reports.
The pact was signed in Washington on behalf of MISK by its general secretary Badr Al-Asakir; King Abdullah Economic City’s Managing Director and group CEO Fahad Al-Rasheed, who will also serve as the new college’s board deputy chairman; and Global Babson College’s Kerry Haley.
The college is one of the first initiatives of MISK and King Abdullah Economic City, aimed at developing the skills of young Saudis in business, and part of Vision 2030.
The goal is to ensure that there is greater support for small and medium businesses, create jobs for citizens, bridge the gap between higher education institutions and the labor market, and boost innovation.
The college would grant degrees in partnership with Global Babson College and Lockheed Martin, to prepare students for skilled positions in the public and private sectors.
Al-Rasheed said the college would play a leading role in creating world-class entrepreneurs and business leaders, while Haley said that the partnership was based on a shared vision in terms of education as a means to boost economic growth in the Kingdom.
Alan Shinoda, executive officer of Lockheed Martin Saudi Arabia, said the company was committed to developing people that would play a major role in the country’s development. “We are proud to be part of this initiative,” he said.


Germany, Saudi Arabia agree to turn page after diplomatic row

We should have been clearer in our communication and engagement, said Maas. (AFP)
Updated 26 September 2018
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Germany, Saudi Arabia agree to turn page after diplomatic row

  • The Saudi Minister of Foreign Affairs, Adel Al-Jubeir, extended an invitation to his German counterpart, Heiko Maas, to visit the Kingdom at the earliest opportunity
  • We aim for close cooperation between our two countries and to this end seek to intensify our dialogue on a broad range of topics: Maas

JEDDAH: Saudi Arabia on Tuesday welcomed a statement by the German foreign minister pledging his intention to work toward strengthening ties and enhancing cooperation between the two countries. 

Riyadh said the relationship between Saudi Arabia and Germany was a “historic and important” one, and the countries played a leading role in bolstering international security and stability, and the global economy. 

The Saudi Minister of Foreign Affairs, Adel Al-Jubeir, extended an invitation to his German counterpart, Heiko Maas, to visit the Kingdom at the earliest opportunity, “so that both countries may begin a new phase of close cooperation in all areas to the benefit of both our countries and peoples.”

Earlier, the German foreign minister said relations had “witnessed misunderstandings” in recent months “which stand in sharp contrast to our otherwise strong and strategic ties. We sincerely regret this.”

The minister said: “We should have been clearer in our communications and engagement in order to avoid such misunderstandings.

“We aim for close cooperation between our two countries and to this end seek to intensify our dialogue on a broad range of topics.

“Saudi Arabia plays an immensely important role for peace and stability in the region and the world. As there is a broad range of bilateral and international issues to discuss, we will do our best to make this partnership with the Kingdom even stronger than before.

“Considering our role in Europe and the world, improving our ties with Saudi Arabia will serve the interest of both nations and peoples.”