Saudi scholarship program aims to send 70,000 students abroad by 2030

The Saudi Human Capability Development Program announced on Sunday the details of the strategy of the Custodian of the Two Holy Mosques Scholarship Program in a press conference in Riyadh. (Supplied)
Short Url
Updated 14 March 2022
Follow

Saudi scholarship program aims to send 70,000 students abroad by 2030

RIYADH: The Kingdom’s Human Capability Development Program has announced details of the strategy of the Custodian of the Two Holy Mosques Scholarship Program, which aspires to send 70,000 students abroad by 2030.

The press conference, held on Sunday in Riyadh by HCDP — one of the programs to achieve the Saudi Vision 2030 — discussed the strategy, its pillars, aims and expected outcomes, and its role in improving human capital efficiency in new and promising sectors.

Minister of Education Hamad Al-Sheikh said that the scholarship strategy would begin with an analysis of 90 scholarship programs globally. The program would then send 70,000 students to 200 educational and training bodies worldwide until 2030.

The strategy comes with four paths, and each of these paths has clear and specific objectives: The Pioneers path, the Research & Development path, the Provider path, and the Promising path. 

“The Pioneers path aims to send students to the world’s top 30 educational institutions in all fields, according to internationally accredited university rankings, in empowering Saudi scholarship students to achieve and compete globally in all fields,” Al-Sheikh said. 

Minister of Human Resources and Social Development Ahmed Al-Rajhi said that the Provider path would focus on supply and demand of labor market needs, and announced that the number of Saudis working in the private sector had reached more than two million.

“The program’s purpose is to improve labor market efficiency, and the Provider path works to meet labor market needs in certain sectors, which are updated on a regular basis through scholarships to the top 200 colleges to ensure that the labor market has the necessary skills,” he said.

Minister of Communications and Information Technology Abdullah Al-Sawaha talked about the Research & Development path, considered one of the most crucial paths. This supports the research and innovation system that focuses on sending graduate students to the best institutes and universities worldwide, achieving qualification and empowerment to graduate future scientists. 

Minister of Industry and Mineral Resources Bandar Alkhorayef spoke about the Promising path, which aims to send students to promising sectors and fields. 

“The Promising path will guide students by training them in the best international programs in countries like South Korea, Japan and Germany to provide sectors with globally qualified human capabilities in promising sectors, such as the industry sector, the tourism sector and other sectors,” he said. 

Alkhorayef said that this scholarship program included three goals. 

Firstly, the program aims to close any gaps in human capital, development and education.

The second goal is to integrate work with the economic development system in general in all sectors such as the tourism industry to ensure sectoral strategies will be served by providing the appropriate human cadres.

Thirdly, the Kingdom aims to expand the economic base and large investments, and one of the most important factors in attracting investments will be the presence of human capabilities.


Economic growth and resilience at heart of 2nd AlUla Emerging Market Economies Conference

Updated 03 February 2026
Follow

Economic growth and resilience at heart of 2nd AlUla Emerging Market Economies Conference

  • Event on Feb. 8 and 9 will bring together ministers, governors of central banks, policymakers, economic experts and international financial institutions
  • Emerging-market economies a ‘pivotal element’ in global economic system due to effect they have on growth and stability, says Saudi Finance Minister Mohammed Al-Jadaan

RIYADH: The second annual AlUla Conference for Emerging Market Economies, which Saudi Arabia will host next week, offers a platform to exchange views on global developments and discuss policies and reforms that support inclusive growth and strengthen economic resilience, the Kingdom’s finance minister said.

The event on Feb. 8 and 9 will bring together finance ministers, governors of central banks and policymakers, alongside economic experts and representatives of international financial institutions.

Organized by the Saudi Ministry of Finance in partnership with the International Monetary Fund, it takes place as emerging-market economies face mounting challenges amid rapid global economic change.

Finance Minister Mohammed Al-Jadaan said the decision to host the conference reflects Saudi Arabia’s ongoing commitment to efforts that support global financial and economic stability, and highlights the growing influence of emerging economies on worldwide growth.

Emerging-market economies represent a “pivotal element” in the global economic system due to the direct impact they have on economic growth and stability, he added.

“The AlUla Conference for Emerging Market Economies provides a unique platform for exchanging views on global economic developments, and discussing policies and reforms that will support inclusive growth and enhance economic resilience, in light of broader international cooperation that contributes to confronting common challenges,” Al-Jadaan said.

Kristalina Georgieva, managing director of the IMF, said the event would help emerging economies deal with growing uncertainty driven by technological change, demographic shifts and geopolitical tensions.

“The AlUla conference provides a vital platform for emerging economies to discuss how they can navigate the risks and embrace the opportunities ahead,” she said.

“In these times of sweeping transformations in the global economy, policymakers face a more challenging and uncertain environment. Countries should work together to strengthen resilience through sound macroeconomic and financial policies.”