2000 News Story

Fund opens for new private university in Kingdom

Second Deputy Prime Minister, Minister of Defense and Aviation and Inspector-General Prince Sultan bin Abdulaziz has announced that he is donating SR 50 million [U.S. $ 13.3 million] to start a fund for a new private-sector university whose foundation stone is expected to be laid next year. Prince Sultan stressed that university education, whether in the government or the private sector, must be based on the basic principles ordained by Islam, developing human resources and qualifying students for the workforce.