KFUPM Business School partners with IMA to launch CMA program

Hanadi Khalife, senior director Middle East and India operations at IMA.
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Updated 13 January 2021
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KFUPM Business School partners with IMA to launch CMA program

IMA (Institute of Management Accountants) and the KFUPM Business School (KBS) in Dhahran have signed a memorandum of understanding (MoU), which will see the introduction of the CMA (Certified Management Accountant) program to university students. The partnership is in line with KBS and IMA’s global efforts to further academic, educational, and professional initiatives, which will help young students kickstart their finance and accounting careers by bridging the skills gap during a vital stage of their professional life.

The MoU, signed by Hanadi Khalife, senior director Middle East and India operations at IMA, and Dr. Hesham Merdad, dean of KBS, and overseen by Dr. Naji Al-Shammasi, chairman of the Department of Accounting and Finance at KBS, will facilitate an ongoing exchange of knowledge and expertise between the two institutions whilst enriching programs at the Department of Accounting and Finance. 

“The Kingdom of Saudi Arabia is a thriving economic state with a well-developed financial sector and KFUPM is a frontline university in the region that is well known for its academic discipline and prowess,” said Khalife. “We are very proud of this association and strongly believe that our collaborative efforts will unlock and enhance career opportunities for KFUPM graduates. The CMA designation is a globally acknowledged and respected credential for finance and accounting professionals, and we are looking forward to its introduction in the Kingdom.”

“At KFUPM Business School, we are focused on working with global domain experts to enhance the learning and employability opportunities for our students,” said Dr. Merdad. “We are pleased to partner with IMA, one of the largest and most respected associations focused exclusively on advancing the management accounting profession.”


German Minister of Economy and Energy visits Juffali Industrial Business Park in KAEC

Updated 09 February 2026
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German Minister of Economy and Energy visits Juffali Industrial Business Park in KAEC

Juffali recently welcomed German Federal Minister of Economy and Energy Katherina Reiche, during an official visit to the Juffali Industrial Business Park in King Abdullah Economic City, in the presence of Khaled Juffali, chairman of Juffali, and senior executives. The visit, on Feb. 2, marks a significant milestone in strengthening Saudi–German industrial cooperation.

Covering a total land area of 400,000 square meters, the business park serves as a strategic platform for advanced manufacturing and industrial localization in the Kingdom. The visit highlighted key joint industrial projects developed in collaboration with leading global partners, reflecting a shared commitment to long-term investment, technology transfer, and local value creation.

The official program included welcoming remarks and ceremonial milestones, during which Liebherr laid the foundation stone for its factory, while Juffali Industrial Products Company and National Automobile Industry placed the cornerstone for their manufacturing facility, symbolizing the advancement of two flagship industrial projects within the business park.

The Juffali Industrial Products Company and National Automobile Industry facility will have an annual production capacity of 6,000 trucks, while Liebherr’s plant is designed to produce up to 1,000 concrete mixers annually. Both facilities will operate with 100 percent local assembly and manufacturing in Saudi Arabia, reinforcing the Kingdom’s localization agenda and supporting the development of national industrial capabilities.

These projects represent a significant addition to Saudi Arabia’s industrial ecosystem and align closely with the objectives of Saudi Vision 2030, supporting sustainable industrial growth, job creation, and high-value manufacturing.

Khaled Juffali reaffirmed Juffali’s commitment to expanding international partnerships and contributing to the Kingdom’s economic diversification through long-term industrial collaboration with leading global partners, further strengthening KAEC’s position as a regional hub for advanced manufacturing.