Umm Al-Qura University

Umm Al-Qura University

Umm Al-Qura University Discusses Future Investment Opportunities

Today, the UQU Investment Administration organized a workshop entitled: "The Strategic Investment Compass in Umm Al-Qura University as a Component Part of the Saudi Vision 2030". The workshop was carried out with the aim of exploring innovative financing ideas that would enable the university to diversify its income sources, and also contribute to supporting the university's strategy towards relying on its own resources to achieve self-sufficiency. This event was held in collaboration with the Holy Makkah Municipality, the Social Development Bank (SDB), the State Property Authority, and other advisory bodies.

On his part, the UQU Vice President for Development and Entrepreneurship, Dr. Hani Ghazi, emphasized the university's determination to move ahead towards working according to an effective investment methodology. This will enable the university to make full use of its unique spatial advantage, and exploit all available potentials to create new and attractive investment opportunities that serve the interest of the university, at the same time keeping in line with the objectives of the National Transformation Program 2020 and the Saudi Vision 2030.

The General Supervisor of the Investment Administration, Dr. Saud Al-Harthi, highlighted the importance of holding the workshop in order to come up with proposals and ideas that can contribute to the growth of the university's resources and the development of its investments. This provides the university with the ability to utilize its knowledge assets to serve its students and staff members, as well as the pilgrims to Allah's Sacred House. He added that the workshop coincided with the national transformation plans towards diversification of income sources and reliance of national facilities on private resources to achieve self-sufficiency.

On his part, the Deputy General Supervisor of the Investment Administration, Dr. Ahmad Al-Rihaili, said that the objective of the workshop was to identify the points of strengths and the investment potential of the university, in addition to devising novel investment ideas that would help exploit all available educational, scientific and spatial resources. This aimed to create an attractive investment environment for investors. He finally added that the suggestions and recommendations that were made during the workshop would be subject to thorough consideration and examination.