Saudi Arabia’s Diriyah Gate Development Authority has signed a Memorandum of Understanding (MoU) with King Saud University in order to enhance cooperation between the two parties and collaboration on the future development of both masterplans.
“The MoU enables the development of the shared land between DGDA and King Saud University by the authority, provided it has a tangible benefit to the project and maximizes land use and value for both parties,” according to the statement.
Additionally, the MoU opens avenues of collaboration between both parties for investment, endowments, academic and scientific research, surveying, archaeological investigation, and documentation.
“This also extends partnerships in the fields of employment, education, events, and visits, in addition to supporting joint volunteer and community work,” as per the statement.
Jerry Inzerillo Group CEO – DGDA
“King Saud University is a key partner of DGDA. A world-leading institution, it is both a beloved neighbor and affiliate. This agreement is an excellent example of the success that results from cooperation between entities and the potential that can be unlocked when we work towards common goals. This enhanced partnership across such a wide range of sectors will benefit countless students and Diriyah residents for many years to come. As Diriyah grows, our community and those around us grow too and we are delighted, that with this MoU, we are growing even stronger with King Saud University.”
Further, joint programs between DGDA and KSU will provide training schemes for students that introduce them to the labor market and help bridge the gap between theoretical and practical education.
HE Professor Dr. Badran bin Abdulrahman Al-Omar, President of King Saud University, said that, “It is with great happiness that we can sign this MoU today. King Saud University and the Diriyah Gate Development Authority have a deep and important partnership. As we extend this even further, with cooperation in the integration of our masterplans, we are serving the goals of our capital Riyadh and the missions of our two entities.”
“We are also pleased to implement the royal order which approved the inclusion of parts of the land of the university within the supervisory and developmental scope of DGDA. We look forward to continuing to work closely with the authority and enhance the quality of education and opportunities that we offer to our students,” Dr. Al-Omar added.
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