This was stated by the Director of King Saud University Dr. Abdullah bin Abdul Rahman Al Othman who expressed on behalf of all staff of the University his thanks and gratitude to the Custodian of the Two Holy Mosques - the patron of science and scientists for this kind parental gesture.
Dr. Al-Othman added that the support of the Saudi rulers to the strategic projects of the University reflects the close follow up of whatever serves the development and reform in line with the fact that the support of higher education is the basis of any progress that we all looking for and through which we can achieve the prosperity of our country. He noted that such support represents a historic shift in the development process of King Saud University.
Dr. Al Othman said that time has become appropriate for such investment projects which ensure the continuity of the financial resources for the University, and will thus enable it to compete globally.
He outlined that the University is setting up the first educational endowment in the region, which will contribute to the financing of technological research and development programs that will serve the human kind and boost the knowledge-based economies for achievement of sustainable development for the country. This will also strengthen the resources of the university as is the case with the prestigious world universities to stimulate innovation and excellence at all levels, attract, motivate and sponsor researchers and the creative, talented and distinguished people, make greater use of the university human resources, infrastructure and facilities, and support the university hospitals.