SAGIA and Prince Mohammed Bin Salman College of Business and Entrepreneurship
The Saudi Arabian General Investment Authority (SAGIA) and the Prince Mohammed Bin Salman College of Business and Entrepreneurship (MBSC) has signed an agreement to support entrepreneurial projects in the Kingdom at the SAGIA headquarters in Riyadh.
The agreement entails the cooperation of both parties to offer programs and services for entrepreneurs and local and foreign investors. SAGIA, which is represented by its subsidiary business centers, provides a variety of services for college student entrepreneurs, such as issuing licenses and offering the necessary consulting services for entrepreneurial projects, in addition to providing government services for entities in their business centers. The agreement emphasizes the importance of MBSC’s participation in SAGIA events and workshops related to developing and encouraging investment.
The agreement also requires MBSC to prepare a report on the facilities supported and licensed by SAGIA, in addition to inviting SAGIA to events of common interest.
Speaking at the occasion, His Excellency the Governor of SAGIA, Eng. Ibrahim bin Abdul Rahman Al-Omar, expressed his thanks and appreciation to MBSC for the cooperation that will open new horizons to support entrepreneurs and innovators, especially young business people, and offer extensive services to support their success and creativity; which will, in turn, benefit all sides and contribute to the diversification of income sources.
His Excellency Eng. Al-Omar assured that SAGIA continually seeks to cooperate with all concerned parties to support entrepreneurial projects in the Kingdom, develop the services offered to investors and entrepreneurs, and offer all the services and programs needed by investors through its business centers. The latter results in an increase in local and foreign investments alike and contributes to achieving the Kingdom’s Vision 2030 to diversify the economy, create job opportunities for citizens in promising sectors, and activate private sector participation in the Gross Domestic Product (GDP).
His Excellency Dr. Nabeel bin Abdul Qader Koshak, Dean of MBSC, thanked SAGIA for its keenness to develop the partnership with the college as a unique platform in terms of content and potential in the region.
“The agreement aims to develop the entrepreneurial environment in the Kingdom, and it will be an umbrella for college students to benefit from the services offered by SAGIA to support the projects they will launch,” said Dr. Koshak. He noted that MBSC possesses unique academic and research facilities and distinct technology and components across the Middle East, in addition to implementing practical programs that enable students and entrepreneurs to launch projects that contribute to the development of local content and translate government endeavors into a thriving economy.
SAGIA recently launched a licensing service for entrepreneurs seeking to establish entrepreneurial projects; targeting innovators, originators and creative minds from around the world to enable them to benefit from business incubators, research centers, and SME services to support innovators and entrepreneurs at the local, regional and global scale. At the same time, the authority continues to invest its strenuous efforts to overcome all the obstacles and difficulties that may face entrepreneurs when establishing their entrepreneurial projects.
MBSC is the first private institute of higher education in Saudi Arabia to focus on entrepreneurial education, offering full-time MBA programs for both male and female students, in addition to part-time MBA programs for employees. The college offers academic programs, educational curricula, scientific research and practical practices in management and entrepreneurship that combine learning and training powered by Babson Global.