On behalf of His Royal Highness, the Governor of Asir region, Prince Faisal bin Khalid bin Abdul Aziz, His Excellency the Recctor of King Khalid University (KKU), Prof. Faleh bin Rajaa Allah Al Solamy, has today, sponsored the opening of a symposium on small and medium-sized enterprises. The symposium is within the new system of corporates. It is organized by the KKU, represented by the Corporate Governance Center, and it will be held over two days, here in Abha.
During his speech at the occasion, Rector Al Solamy stated that it was the University's pleasure and honor to host such event, which is synchronized with unstable economic conditions. So, it was necessary for universities and different governmental and private sectors to double efforts and to cooperate with each other. Rector Al Solamy added that the symposium aims at introducing the system of small and medium-sized enterprises, in addition to highlighting Corporate Governance Center of the University, and activating its relation with the General Authority of Small and Medium-sized Enterprises.
Al solamy:"Universities are no longer places for study only but they have become national edifices longed to community service"
His Excellency Rector Al solamy added that Universities were no longer places for study only but they had become a national edifice longed to community service, through their providing solutions and initiatives that could facilitate solving social, economic, and educational problems. Rector Al Solamy clarified that the symposium was considered a step towards achieving the academic role in building developmental integration and in activating the economy in the society. Furthermore, Universities must have a role in encouraging competitive economic studies which go in line with the world rising growth and which could upgrade continual development levels. His Excellency the Rector confirmed the state's care for developing two pivots; intellectual security and economic development. Thus, education has taken the biggest portion of the budget of this year that has been announced two days earlier. This high consideration to education proves the state's belief that education is the best forum in which to invest young people's minds, and it - education - is the only way to achieve development in all aspects of any society.
Rector Al solamy further insisted on the role of Kingdom's universities in the national transfer which depends on knowledge economy that believes in human being as the source of economic activities, because of the skills and the educational level he / she has. This perspective is compatible with Vision 2030, which perceives education from a comprehensive perspective with all its types - public, technical, or professional. His Excellency Al Solamy, thanked the Governor of Asir region, His Royal Highness, Prince Faisal bin Khalid bin Abdul Aziz, for his generous sponsorship of the symposium. He - the Rector - also thanked the General Authority for Small and Medium-sized Enterprises, which is represented by its Governor, Dr. Ghasan Al Soliman, for the support and participation of its officials.
For his part, the member of the Consultative Council, who was the former Dean of Admission and Registration Deanship, and the Chairman of the Scientific Committee of the symposium, Dr. Sultan Al Farah, has confirmed that one of the objectives of the economic vision was to diversify the economic activity and to support its important parts and corners. Dr. Al Farah insisted that that could be achieved by supporting small and medium-sized enterprises in order to participate in raising the national economy of the Kingdom. On the contrary, these enterprises' participation is still low - accounting for only 20% of the national outcome - although they represent more than 70% of the Kingdom enterprise - more than a million and three hundred enterprises on the level of the Kingdom.
Dr. Al Farah Added that most of the workers in these enterprises who represented the two thirds of the whole workforce, were not from the Saudi Arabian nationality. Moreover, these enterprises were not receiving appropriate funding, administrative thought and planning. Dr. Al Farah clarified that King Khalid University, represented by Corporates Governance Center, had appreciated the need to pose these obstacles at that symposium which definitely, would help those who are interested - organizer, and stakeholders alike. Dr. Al Farah added that different parties that were related to that vital sector were going to participate in the symposium including planners, organizers, and researchers. The Doctor further stated that the symposium was accompanied by a number of workshops.
It is noteworthy that an expert on economic matters, who is also the Chairman of the Saudi Center for Research and studies, Dr. Naser bin Muhammed Al Qarawi, used the occasion to give a word on behalf of the participants. He said, "I would like to thank the Custodian of the Two Holy Mosques, King Salman bin Abdul Aziz Al Saud, and all members of his wise government, on the budget that was announced last week. The budget was a surprise to all, and it reflects the economic potential of the Kingdom. The numbers of the budget confirmed that the year 2017 AD, is the real start of the Vision 2030" Dr. Al Qarawi also thanked King Khalid University and its affiliates for organizing this symposium.