King Saud University (KSU) has received SR 8,625,561,000 for the annual budget of 2012, an allocation that KSU Rector Dr.Abdullah Al-Othman believes demonstrates that the Saudi government considers “investment in talent and intelligence” to be the Kingdom's highest priority. The annual budget is the largest in KSU's 55-year history, 13 percent higher than allocated to education and training a year ago, and represents 24 percent of the country's overall operating budget, according to a latest press release of the KSU. “Industry used to be the key asset in a country's budget and calculations,” Dr. Al-Othman said. “Now, it is the creation of knowledge. This is more profitable than the creation of wealth. Investment in talent and intelligence is now the foremost productive investment. “The safety and security of any nation hinges on the strength and wisdom of its leadership. Our country is blessed with a leadership building for the future with a solid base of hard current facts,” Dr Al-Othman said. --MORE
