NEOM Appoints Founding President of its Flagship University

Dr. Andreas Cangellaris, the Founding President of NEOM U. SPA
Dr. Andreas Cangellaris, the Founding President of NEOM U. SPA
TT
20

NEOM Appoints Founding President of its Flagship University

Dr. Andreas Cangellaris, the Founding President of NEOM U. SPA
Dr. Andreas Cangellaris, the Founding President of NEOM U. SPA

NEOM, the sustainable regional development in northwest Saudi Arabia, has appointed Dr. Andreas Cangellaris as the Founding President of NEOM U – NEOM’s first university.

Cangellaris is joining NEOM from the University of Illinois Urbana-Champaign, where he is the M. E. Van Valkenburg Professor in Electrical and Computer Engineering and has been serving as Vice-Chancellor for Academic Affairs and Provost since 2018.

NEOM aims to establish a world-class Education, Research and Innovation (ERI) hub that empowers future generations while using technology to engender new ways of learning from early years on, through primary, secondary, post-secondary education and beyond.

These goals support the transformation of Saudi Arabia’s educational sector.

Dr. Cangellaris has overseen the academic and research programs of a highly regarded US academic institution with over 50,000 students, 15 colleges and 150+ programs of study and in excess of USD 600 million in annual research expenditures.

A distinguished scholar in the fields of computational electromagnetics and electronic design automation, he received his Bachelor of Science degree in Electrical Engineering from the University of Thessaloniki, Greece and his graduate degrees, a Master of Science and Ph.D., in Electrical Engineering from the University of California, Berkeley.

“I am delighted that we have attracted a person of the caliber of Dr. Cangellaris to lead one of the critical pillars of our education sector,” said CEO of NEOM Nadhmi Al-Nasr.

“NEOM U is our first step toward developing a postsecondary education that is accessible to all, attracting the brightest students from all over Kingdom and the world. We want it to be a differentiator and a powerful signal of NEOM’s commitment to pioneering ideas in a world inspired by innovation.”

Cangellaris said he was honored to have been given this opportunity.

“To change the world for the better, you need everyone to become a change agent. And this is what NEOM U will do, by bringing together learners from the Kingdom and the world in NEOM’s living laboratory and immersing them in the learning of how the deliberate, responsible, innovative use of technology can improve our world and the human condition,” he said.



Labubu Toy Sculpture Sold for $150,000 at China Auction

A human-sized Labubu figurine is displayed before an auction in Beijing, China June 6, 2025. REUTERS/Tingshu Wang
A human-sized Labubu figurine is displayed before an auction in Beijing, China June 6, 2025. REUTERS/Tingshu Wang
TT
20

Labubu Toy Sculpture Sold for $150,000 at China Auction

A human-sized Labubu figurine is displayed before an auction in Beijing, China June 6, 2025. REUTERS/Tingshu Wang
A human-sized Labubu figurine is displayed before an auction in Beijing, China June 6, 2025. REUTERS/Tingshu Wang

A Beijing auction house has sold a four-foot-tall sculpture of a viral plush toy character for more than $150,000, as global demand for the Chinese-designed Labubu dolls reaches fever pitch.

The rabbit-like figures sporting mischievous grins began as a character created by Hong Kong-born artist Kasing Lung, and are made by Beijing-based toy brand Pop Mart.

They have been endorsed by celebrities such as Rihanna and Dua Lipa, and fans have queued overnight outside stores hoping to snag one, with analysts pointing to the phenomenon as evidence of China's growing soft power, AFP reported.

On Tuesday, a teal sculpture depicting a Labubu character with a furry body and head fetched an eye-watering 1.08 million yuan ($150,260) at an auction held in Beijing, according to the auction house's app.

The sculpture is "the only piece of its kind in the world", according to Yongle International Auction.

It was offered alongside other Labubu paraphernalia including a brown statue that sold for 820,000 yuan.

Pop Mart has over 400 stores globally, including 30 US branches.

The worldwide frenzy has seen people go to desperate lengths to acquire their own Labubu.

Last month a London branch of Pop Mart suspended in-store sales of the toys, fearing violence from would-be buyers who failed to get their hands on the limited-edition Labubus.

In Singapore, CCTV footage captured a family stealing Labubu dolls from a claw machine, according to Singaporean online media outlet AsiaOne.

Burglars broke into a store in California last week and took several Labubu dolls along with electronics and other valuables, American news outlet ABC reported.

In China, the toys have been promised as freebies for new bank customers -- an incentive quickly shut down by local regulators, according to Chinese media reports.

The toys have spawned a booming resale market as well as an online community of fans sharing tips on how to customize their dolls.

Knockoffs -- many of which are also made in China -- have flooded online platforms, dubbed "Lafufus" by social media users.