Umm Al-Qura University

Umm Al-Qura University

General and Strategic Objectives

- 2019/02/11

The General Administration for Investment seeks to achieve the following objectives:

  • To develop a strategic vision that guarantees the establishment and development of policies and methods of investment in the property of the university within the framework of an integrated system with the other investment arms (Wadi Makkah, Institute of Research and Community Service) and their subsidiaries. This includes monitoring, measuring, documenting, and increasing the efficiency of investment activities throughout the whole university system.

  • To activate the mechanisms that guarantee the continuous diagnosis and analysis of investment in the world in general and the Kingdom of Saudi Arabia in particular, in addition to Makkah Al-Mukarramah. This will enable us to recognize areas of investment opportunity in which to direct university investments. Moreover, we should take into consideration solid scientific and economic supply and demand data in order to push forward the investment wheel connected to the university system.

This will be in addition to the following expected benefits, Allah Willing:

  • Defining the legal framework for the administration on the basis of specific laws and systems in this regard.

  • Preparing a database of all investment opportunities and the dedicated sites for them in the university.

  • Providing an attractive investment environment and working to remove all difficulties that may hinder investment projects.

  • Trying to unify and simplify the procedures of applying for investment projects with the relevant bodies.
  • Providing complete support for investors, receiving and studying investors' applications, and settling disputes that may arise between investors and other bodies in the university or outside it with regard to registration, acquiring licenses, and managing the investment project.
  • Preparing reports and studies, regularly circulating investment data and information concerning the investment activities, defining the advantages and disadvantages, and making appropriate recommendations for treating disadvantages.
  • Forming investment policies in coordination with other administrations in the university and the relevant authorities.