MBSC celebrates graduation of 23 leaders from MODON

Prince Mohammed Bin Salman College of Business and Entrepreneurship hosted a graduation ceremony for the 23 leaders from MODON, who completed the Advanced Leadership Program.
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Updated 04 September 2024
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MBSC celebrates graduation of 23 leaders from MODON

Prince Mohammed Bin Salman College of Business and Entrepreneurship, the Kingdom’s world-class business school, celebrated the graduation of 23 leaders from the Saudi Authority for Industrial Cities and Technology Zones, known as MODON, who completed the Advanced Leadership Program.

MBSC’s Advanced Leadership Program provides a unique opportunity for experienced professionals to hone their leadership skills with an entrepreneurial mindset. The program is designed to help participants develop their strategic thinking, problem-solving, and decision-making abilities. It also emphasizes the importance of team empowerment, innovation, and continuous learning in the modern workplace.

Dr. Zeger Degraeve, dean of MBSC, said: “The graduation of 23 leaders from MODON reflects MBSC’s growing impact and effectiveness in business education. MBSC has introduced a suite of new programs tailored to the evolving needs of professionals in the Kingdom of Saudi Arabia, and designed to equip participants with the essential skills and knowledge necessary to lead and manage effectively in a dynamic and competitive business landscape.”

MBSC has been conditionally accredited by the National Center for Academic Accreditation and Evaluation, at Education and Training Evaluation Commission, from May 2024 to April 2026.

MODON signed a partnership with MBSC to develop national leaders capable of adopting innovative thinking patterns and enhancing their leadership skills, in alignment with the Human Capacity Development Program under Saudi Vision 2030.

MODON’s Advanced Leadership Program highlights the organization’s commitment to excellence by enhancing its current leaders’ skills for strategic roles. This initiative empowers leaders with the confidence, impact, and entrepreneurial mindset needed for high performance. Partnering with MBSC ensures its leaders receive top-tier training, reinforcing its dedication to fostering a culture of excellence.

MBSC is situated  in King Abdullah Economic City, a contemporary urban center that provides an unparalleled modern environment for both students and faculty. The college offers world-class education from Saudi Arabia for Saudi Arabia in both KAEC and Riyadh, delivering practical, pragmatic, hands-on experiential learning to develop a new generation of transformative leaders.

Since its establishment in 2001, MODON has been responsible for developing and overseeing industrial lands and infrastructure. It currently manages 36 industrial cities, both operational and under development, along with private industrial cities and complexes across the Kingdom. This includes 6,443 industrial facilities and more than 7,900 industrial, investment, and logistical contracts. The total area of developed land amounts to more than 209 million square meters. With the launch of Saudi Vision 2030, which positions industry as a strategic choice to strengthen the national economy and promote sustainable development, MODON has become a key entity in achieving these national aspirations.


Saudi Arabia world’s safest and most attractive investment destination, says chairman of Sumou Holding

Updated 09 March 2026
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Saudi Arabia world’s safest and most attractive investment destination, says chairman of Sumou Holding

Saudi Arabia has emerged as one of the world’s safest and most attractive destinations for investment, supported by the strength and resilience of its economy, according to Ayed bin Farhan Al-Qahtani, chairman of Sumou Holding.

Al-Qahtani said the Kingdom’s economy has consistently demonstrated its ability to navigate global and regional crises. He noted that Saudi Arabia has historically adapted to challenging conditions and emerged stronger, thanks to prudent economic policies and effective governance, both of which have reinforced the market’s financial strength. Al-Qahtani added that Saudi Vision 2030 has reshaped the structure of the national economy by diversifying income sources and leveraging the country’s core strengths, creating a more flexible and sustainable economic environment capable of withstanding global volatility.

According to Al-Qahtani, business activity across Saudi Arabia continues to operate normally despite current global uncertainties, highlighting the adaptability and experience of Saudi companies across multiple sectors.

Sumou Holding currently manages an investment portfolio valued at about $10 billion. Al-Qahtani said that the group plans to expand its investments in the Kingdom while seeking to attract additional foreign capital through international partnerships and joint ventures.

The company is evaluating a range of new opportunities across key sectors and particularly in real estate, which Al-Qahtani described as one of the most secure and attractive investment sectors in the Saudi market amid rising demand for residential, commercial, and development projects.

Saudi Arabia’s property market has also undergone significant regulatory reforms aimed at boosting its appeal to international investors. A new foreign property ownership law, which came into effect in early 2026, allows non-Saudis — individuals and companies, residents and non-residents — to own residential, commercial, and agricultural properties across designated areas of the Kingdom.

The framework will increase capital inflows into the real estate sector while introducing specific ownership rules for the holy cities of Makkah and Madinah, two markets Al-Qahtani said remain among the most secure and globally attractive for long-term investment.

Sumou Holding owns two companies listed on the Saudi Exchange: Sumou Real Estate Co. and Ader Real Estate Co.

Al-Qahtani added that the group’s international arm, Ader Global, is building partnerships with global investors and directing capital toward promising opportunities in the Saudi market, reinforcing the Kingdom’s role as a regional hub for investment and multinational companies.

With its strong regulatory framework, investment security, and continued government support for the private sector, Saudi Arabia is well positioned to attract further foreign capital in the coming years, Al-Qahtani said, cementing the country’s status as a leading global investment destination both today and in the future.