Ministry of Education Creates Departments Dubbed ‘Investment & Partnerships’

The Ministry of Education has created departments in various educational regions and governorates under the name “Investment and Partnerships”.

This step aims to diversify sources of income and achieve optimal investment of its assets. Consequently, this would contribute to achieving sustainability and comprehensive development.

Moreover, it will contribute to examining partnership opportunities between education development companies and the private sector.

 

The ministry stressed the need to adhere to legislation and regulations related to investment and privatization and inventory of the investable assets and the disbursement projects targeted to be implemented through savings from the investment returns of management assets.

It further stressed the need to ensure that there is an actual need for these projects, and prepare feasibility studies, investment plans, scope of work, specifications, and estimated costs for the projects to be funded by investment returns.

It emphasized presenting and marketing opportunities to investors, studying specific requests (short-term and long-term) in accordance with standards and controls, and verifying that there is no temporary need for the investment of assets in coordination with the relevant sectors.

The General Administration of Riyadh Education invited all male and female students to register in the Holy Quran and Sunnah competition.

 

The Ministry announced that it will hold the final tests and exams for the second semester three days than scheduled. It will take place on Shaaban 5, 1445, with 10 days off after that, like the first semester.

Controversy in the Ministry

 

The controversy still exists in the ministry regarding the three-semester system,. There is a debate whether or not it can continue in light of the tendency to return to the old system on the grounds that only limited countries are implementing the current system.

Investment controls

 

The necessity of adhering to special legislation on  investment and privatization.

Inventory of investable assets.

Ensure that there is an actual need for projects.

Preparing feasibility studies and investment plans.

Presenting and marketing opportunities to investors.

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