In line with its commitment to promote Saudi Arabian talent, GE has signed a Memorandum of Understanding (MoU) with the King Fahd University of Petroleum & Minerals (KFUPM) to extend educational scholarships to 30 students of the university over the next three years - a first of its kind initiative by the company across the world. With a total investment commitment of about SR12 million, the educational scholarships will be provided to the brightest students, chosen by KFUPM internally. Apart from promoting their educational goals, GE also underscored its commitment to hire the students following their graduation for rewarding professional careers at GE's facilities in the Kingdom. Walid Abukhaled, GE's President & Chief Executive Officer for Saudi Arabia and Bahrain, signed the MoU with Dr. Khaled S. Al Sultan, Rector of KFUPM, at a ceremony held in Dhahran. Dr Al Sultan said: "King Fahd University of Petroleum & Minerals is at the forefront of driving cutting edge research and development, especially with a focus on sustainable energy management and enhancing energy use efficiency. We already work with GE through the GE Energy Fuel Research Center that explores the field of alternative fuels. The new educational scholarship by GE is a strong testament to the success of public private partnerships in promoting technical education in the Kingdom." Abukhaled said: "With over eight decades of active public and private partnerships in the Kingdom, GE is aligned with the development goals of Saudi Arabia. Today, supporting the professional education of young Saudis and empowering them to undertake rewarding career opportunities is a key priority for the Kingdom. GE is reiterating our commitment to nurturing Saudi talent through the educational scholarship for KFUPM students. This further builds on our educational initiatives in the Kingdom, including professional training programs and support on research & development initiatives."
