His Royal Highness Prince Faisal bin Khalid bin Abdulaziz, Governor of the Asir Region and Honorary President of the King Khalid University Endowment Investment Fund, sponsored the Investment Fund Inauguration Ceremony in the presence of His Royal Highness Prince Turkey bin Talal bin Abdulaziz, Deputy Governor of the Asir Region, and a number of senior university leadership figures and leading businessmen.
Before the start of the ceremony, His Royal Highness announced the highly anticipated launch of the project and initiated a ribbon-cutting ceremony. The ceremony included an introduction of the members of the Endowment Inspection Council and the 12 projects which include: dental clinics, a physiotherapy center, a radiology center, a treatment and rehabilitation center, a hearing impairment and cochlear implantation center, medical labs, a leadership and small business incubator, e-learning projects, educational training initiatives for schools, an engineering consultancy center, a printing press center, a beekeeping and honey research center, residential projects, and a commercial complex project.
The ceremony started with a stirring recitation from the Holy Quran followed by a speech delivered by His Excellency the University Rector, Dr. Falah Al-Solamy. Rector Al-Solamy asserted that launching the University Endowment Project is a new starting point in the national investment project, which is a central component of the University’s vision in becoming one of the 200 leading international universities by 2030 and a significant step towards achieving our great national vision.
Al-Solamy: Launching the University Endowment Project is a new starting point in the national investment project, which is a central component in the University’s vision
His Excellency noted that since the establishment of higher education in the Asir region 40 years ago, our country has heavily invested in developing human capital by sending students on scholarships and providing the best facilities to guarantee a world-class educational environment. He noted that this would serve as a solid foundation that will allow the University to achieve its goals and substantially contribute to Vision 2030.
At the end of his speech, Al-Solamy thanked our visionary leadership, HRH Prince Faisal bin Khalid and HRH Prince Turkey bin Talal bin Abdulaziz for their continued support and encouragement. He also extended his sincere appreciation to members of the council, investors, and the Secretary-General of the Endowment Project, Dr. Omar bin Mushyat, for their remarkable efforts.
After Rector Al-Solamy's keynote speech, the audience watched a visual presentation that reviewed the steps of establishing the project over the last eight months. The presentation included the strategic plan, the drafting of the project regulations, the number of projects, the formation of the Inspection Council, the Investment Committee, the projects' eight domains, and the forecasted jobs offered by the projects. The audience also watched a film about the endowments of leading universities around the world, including Harvard, Stanford, Cambridge, and Oxford. This was complemented by another film entitled "Graduation Certificate" that explained the role of an endowment fund in supporting scholarship students.
At the end of the ceremony, His Royal Highness received two gifts as a token of appreciation from King Khalid University after asking Allah to bless the project and thanking all who are involved for their efforts and hard work.