Prince Bandar Bin Saud Bin Khalid, the Deputy Director General of King Faisal Charity Foundation and the Chairman of the Executive Committee of Al-Faisal University, signed here today a SR 385 million contract with a Malaysian specialist company to implement the first and second phases of Al-Faisal University project. The signing ceremony was attended by Prince Khalid Al-Faisal, the Governor of Assir Region and the Foundation's Director general. Prince Khalid delivered a speech in which he thanked the leadership of the Kingdom of Saudi Arabia in supporting the Foundation on a constant basis and granting the permission for establishing Al-Faisal University. Addressing the attendants, Minister of Higher Education Dr. Khalid Al-Anqari said that this new university is considered as an additional support to the higher education establishments in the Kingdom and will set a good example for the private higher education studies.