The General Administration for Investment and Financial Resources Development was established by the decision of HE. President of the University No. (42/74746) dated 12/4/1442 AH concerning amendment of the title of the Investment and Revenue Development Department to the General Administration for Investment and Financial Resources Development under the umbrella of the Vice President for Administrative and Financial Affairs at Imam Abdul Rahman bin Faisal University (IAU) after the royal decree concerning the independence of the university has been issued in accordance with the (the new system of universities) to contribute to implementing the pillars of the Kingdom’s Vision 2030 regarding achieving the optimal use of human, academic and administrative resources, creating new investment opportunities and improving the level of performance of investment projects in the academic education institutions to raise the level of competitiveness among universities nationally and regionally and to make universities keep much pace with the development wheel that the country has been witnessing in order to achieve the goals of the Kingdom’s vision and the national transformation programs.
Thus, the administration will be empowered and capable of managing and developing investment opportunities and involving the private sector effectively in investing its resources and the university facilities and leasing them as well as lands owned by the university which may contributes to increasing and developing revenues in accordance with the state rules and regulations governing investment in the departments of the Ministry of Education.
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