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Saudi Arabia’s Red Sea Development Co. Announces 120 Scholarships

Saudi Arabia’s Red Sea Development Co. Announces 120 Scholarships
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Saudi Arabia’s Red Sea Development Co. Announces 120 Scholarships

Saudi Arabia’s Red Sea Development Co. Announces 120 Scholarships

Saudi Arabia’s Red Sea Development Co. has announced 120 scholarships for undergraduate students, for the academic year 2019-2020.

This comes as part of the “Red Sea Development Scholarship Program” held in collaboration with Prince Mugrin bin Abdul Aziz University and the École Hôtelière de Lausanne, one of the oldest hospitality faculties in the world.

Thursday, Sept. 5, will be the last day for submitting applications, and students wishing to join the program will be able to register on the company’s website.

The program covers a number of majors required for the launch of the Red Sea Project’s first phase at the end of 2022 and for the completion of the entire development project in 2030.

Extending over four years (and one additional preparative year), the program offers an integral curriculum about the hospitality industry, management theories, and applied business projects, in accordance with Swiss and international standards in the hospitality and tourism fields.

Students will have the opportunity to undergo field training for two semesters and go through a practical project during the last semester. This will enhance their qualifications in jobs related to what they have studied.

Voicing great enthusiasm towards the initiative, Ahmed Ghazi Darwish, CEO of Red Sea Development Co. added that the company aspires to be part of the Kingdom’s rapid development in the education sector, by contributing to the creation of jobs and career opportunities in line with the Kingdom’s tourism plans.

Darwish said that the program was a sustainable and optimal investment, and an active contribution by the company to the development of the hospitality and tourism sector in the Kingdom.

“Prince Mugrin bin Abdul Aziz University seeks to contribute to the development of Saudi human capital by offering quality programs that would lead to the recruitment of citizens in accordance with international standards, in order to meet the needs of major developmental projects, like the cooperation agreement with the Red Sea Development Co.,” acting director of Prince Mugrin bin Abdul Aziz University Dr. Nabil Al-Rajeh said.

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Gulf

UAE Commits to $1.4 Trillion Investments in the US

Emirati President Sheikh Mohamed bin Zayed and US President Donald Trump meet in Abu Dhabi on Thursday (AP)
Emirati President Sheikh Mohamed bin Zayed and US President Donald Trump meet in Abu Dhabi on Thursday (AP)
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20
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UAE Commits to $1.4 Trillion Investments in the US

Emirati President Sheikh Mohamed bin Zayed and US President Donald Trump meet in Abu Dhabi on Thursday (AP)
Emirati President Sheikh Mohamed bin Zayed and US President Donald Trump meet in Abu Dhabi on Thursday (AP)

Emirati President Sheikh Mohamed bin Zayed on Thursday announced a plan to invest $1.4 trillion in the United States over the next ten years, in several sectors such as technology, artificial intelligence, and energy.

Speaking alongside US President Donald Trump at the presidential palace in Abu Dhabi, Sheikh Mohamed underscored what he called a “strong partnership” with Washington that has flourished under Trump.

The UAE is the third and last stop of Trump's Gulf tour, following Saudi Arabia and Qatar. Trump is only the second US president to visit the Emirates since George W. Bush first visited the country back in 2008.

On Thursday, the Emirati President said his country is determined to continue strengthening friendship with the US for the benefit of both nations and their peoples while working together in support of peace and stability regionally and globally.

“The UAE's plan to invest $1.4 trillion in the United States over the next 10 years is a testament to the strength of our strategic relationship,” he said.

Trump described Sheikh Mohamed as a long-time friend and a highly respected leader. “I have to say that we've been friends for a long time,” the US President said.

“You are a great warrior. A very strong man, brilliant man, a man with vision like few others,” Trump said.

On UAE’s $1.4 trillion US investment pledge, Trump said: “Thank you very much. We will work very hard to deserve it.”

Sheikh Mohamed also discussed with Trump prospects for cooperation and opportunities to expand their scope, particularly in investment, advanced technology, artificial intelligence, industry, and other areas that support future prosperity.

During the meeting, both leaders discussed a number of regional and international topics of shared interest, focusing on developments in the Middle East, particularly efforts to reach a ceasefire in the Gaza Strip and contain escalation that threatens the region’s security and stability.

They emphasized that both countries share a strong friendship and strategic partnership built on solid foundations of mutual trust, respect, and shared interests, in addition to a long history of cooperation in political, economic, cultural, and other fields.

Sheikh Mohamed underscored the UAE’s commitment to further strengthen its cooperation with the US in light of their shared views on working to promote peace, stability, and prosperity in the Middle East and globally, and building an effective international position to address shared global challenges.

This, he said, reflects the UAE’s consistent approach of supporting peace, stability, and development regionally and globally through collective multilateral action.

The two sides stressed their keenness to continue strengthening their strategic cooperation, in line with the shared commitment of their leaderships to further develop bilateral relations in a way that serves mutual interests.

The Emirati and US presidents then witnessed the announcement of a 1-gigawatt artificial intelligence data center, which is part of a joint AI complex between both countries.

Sheikh Mohamed awarded the Order of Zayed - the UAE’s highest civilian honor granted to heads of state - to Trump in recognition of his efforts to enhance cooperation between the United Arab Emirates and the United States.