Higher Education Fund Regulation Approved
The Council of Ministers has approved the establishment of the Higher Education Fund, aimed at enhancing the sustainability of funding for Saudi universities and diversifying their income sources beyond full reliance on government budgets. The fund seeks to enable universities to perform their developmental roles more efficiently by boosting internal resources, partnering with the private sector, and receiving donations and gifts. This contributes to the development of higher education and supports Saudi Arabia's Vision 2030. The fund's main program focuses on investing its revenues to finance university projects that cannot be funded from their budgets. Since its establishment, the fund has spent over 3.5 billion Riyals on more than 671 projects, benefiting more than 27 universities, with organizational changes allowing for more endowment resources to support it.
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