New college to promote entrepreneurship

GOOD MOVE: The new college will be located inside the sprawling King Abdullah Economic City, near Jeddah.
Updated 28 June 2016
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New college to promote entrepreneurship

RABIGH: The MISK Charitable Foundation and King Abdullah Economic City (KAEC) concluded a cooperation deal with Babson College and Lockheed Martin to start the Prince Mohammad bin Salman College of Business and Entrepreneurship.

The deal, reached under the supervision of Deputy Crown Prince Mohammad bin Salman, was signed in Washington, D.C. by Badr Al-Asaker, secretary-general of the Mohammad bin Salman Foundation (MISK); Fahd Al-Rasheed, group CEO and MD of KAEC and vice president of the board of trustees of the college; and Kerry Healey, president of Babson College.
This college is the first outcome of the fruitful partnership between MISK and KAEC, and in line with Deputy Crown Prince Mohammad’s vision for the development of education and knowledge for the youth of Saudi Arabia.
Al-Rasheed, on behalf of the college’s staff and partners, thanked Deputy Crown Prince Mohammad bin Salman for his unwavering confidence in and support of the qualitative education sector.
“We are proud to have launched this leading educational institution, which will play a key role in supporting and developing business sectors that encourage initiatives in education and other sectors that help young Saudis," said Al-Rasheed.
The partnership between MISK and KAEC is an important contributor to the development of the business sector, thanks to its role in supporting and recruiting major institutions that help young Saudis hone their professional skills,” he added.
Prince Mohammad bin Salman College of Business and Entrepreneurship is the first to offer BA and postgraduate degrees in entrepreneurship in the Kingdom. Babson College, the leading entrepreneurship college in the United States, and Lockheed Martin, a leading business conglomerate, will present their vast expertise in higher education through an innovative applied education system.
“Our decision to work with MISK and KAEC on this great educational institution comes out of our desire to expand and offer a true model of entrepreneurship,” said Healey. “We felt that MISK’s vision and attention to education is in line with our own, and so is that of the economic city, which enjoys great vision, strategic location, a world-class infrastructure, and the ingredients of rapid growth — all of which made it the ideal place for us to realize our educational vision. The outcomes of the college will play a great role in pushing the Kingdom’s economy forward.”
The college will include the Kingdom’s first entrepreneurial research and development center, which will conduct administrative and strategic studies on business development, allowing students to interact with and contribute their ideas to both the public and private sectors.
“We are committed to supporting economic development in the Kingdom through an innovative program that guarantees sustainable revenues,” said Alan Shenouda, executive manager of Lockheed Martin Saudi Arabia. “We are proud to be partners in implementing this incredible initiative.”


Crown Prince Mohammed bin Salman sponsors military graduation ceremony

Updated 23 min 10 sec ago
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Crown Prince Mohammed bin Salman sponsors military graduation ceremony

JEDDAH: Makkah’s Deputy Gov. Prince Abdullah bin Bandar bin Abdul Aziz on Monday sponsored the 15th graduation ceremony of the King Abdullah Air Defense College on behalf of Crown Prince Mohammed bin Salman.
It was attended by Air Defense Forces Commander Lt. Gen. Mazyad bin Sulaiman Al-Amro. Maj. Gen. Abdullah bin Mohammed Mishary, commander of the college, welcomed Prince Abdullah and the other attendees.
“The crown prince’s sponsorship is a clear indication of his support to the graduates as he shares their joy of graduating and joining the fields of pride, dignity and honor as part of the Saudi Armed Forces,” Mishary said in his speech.
“In particular, they will be taking part in the Air Defense Forces and the Strategic Missile Force, which has become a source of pride for Saudis and a force armed with knowledge, faith and modern weapons under the generous support of King Salman and his crown prince,” Mishary added.
“This year’s graduates include a number of students from fraternal and friendly states… They grew in education and knowledge through the latest education and training techniques under the supervision of distinguished Saudi teachers and trainers,” he said.
“The excellent training helped the graduates acquire the skills that qualify them to be leaders armed with education and faith, so they can defend the homeland and gain this great honor.”
Mishary congratulated the graduates and wished them good luck in their professional life, telling them that “the journey of giving goes on as long as one is faithful to his religion, leadership and homeland.”
The graduates presented a military parade, after which they took the oath. At the end of the ceremony, Prince Abdullah honored outstanding students and received a gift.