The Eighth Five-Year Development Plan will establish seven new universities in Saudi Arabia, according to a statement published today by the Ministry of Economy and Planning.
Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz has directed that three universities be established in Jizan, Hail and Al-Jouf, and efforts are underway to create several new private universities and colleges within the next five years.
“The Eighth Plan includes establishment of seven new universities and about 50 colleges of technology with specializations required by job market and the private sector,” said Ahmed Al-Hakami, deputy minister of economy and planning.
The Plan for 2005-2010 – which was approved by the Council of Ministers November 21 – will also privatize 20 state-owned corporations, expand women’s participation in development activities by 30 percent. In addition, the Plan is intended to move the Kingdom towards a knowledge-based economy and develop its mining and tourism sectors.