04-Jun-2024
In a significant move to bolster educational and economic development, the University of Business and Technology (UBT) has signed a Memorandum of Understanding (MoU) with Jeddah Valley, the investment arm of King AbdulAziz University. This partnership aims to leverage the strengths of both institutions to drive innovation, enhance academic collaboration, and contribute to regional growth.
UBT is renowned for its commitment to excellence in education, research, entrepreneurship, and community service. With a vision to cultivate leaders and innovators, UBT has consistently achieved milestones that position it at the forefront of higher education in the region.
Jeddah Valley plays a pivotal role as King AbdulAziz University's investment arm, focusing on fostering connections between academia and industry. Its mission to promote sustainable development and economic diversification aligns perfectly with the objectives of this new partnership.
The MoU signing ceremony, held on May 29, 2024, at UBT Corniche Campus, witnessed the presence of distinguished leaders from both institutions. Representing UBT were Dr. Weam Tunsi, Dr. Mahmoud Baeissa, Dr. Hatem Baaqil, Dr. Saeed Al Sheikh, Dr. Basma ElZein and Dr. Ruaa bin Sedeeq. From Jeddah Valley, the attendees included Dr. Sattam Linjawi, Mr. Omar Al Ghamdi, Mr. Omar Yamani, Mr. Hussein Eid, Mr. Yasser AlKathiri, Mr. Mohamed Ashour, and Mr. Waleed Mehana. Each of these leaders underscored the significance of this collaboration in their speeches, highlighting the promising future and shared goals of both institutions. The MoU outlines several key areas of collaboration, including:
* Practical training programs according to the requirements of the programs of the faculties of engineering, business administration, advertising, and law
* Field studies and field trips for students
* Professional development for faculty members and students
* Joint education, scientific, and collaborative research projects
* Joint investment projects
* Joint startups
* Collaborative incubators and accelerators
* Exchanging knowledge and experiences by participating in organizing events, seminars, and workshops
* Exchange of information
Members from both institutions will have opportunities to engage in groundbreaking projects, participate in exchange programs, and benefit from practical training and field studies. Additionally, this collaboration is expected to spur economic growth by fostering joint startups, investment projects, and the establishment of incubators and accelerators.
The MoU between UBT and Jeddah Valley marks a milestone in the journey towards a more integrated and innovative educational ecosystem. This strategic partnership holds immense promise, paving the way for new opportunities and a brighter future for both institutions and the wider community.