Riyadh, KSA: Qiddiya Investment Company (QIC) launched its first national scholarship program with the Human Resources Development Fund (HRDF), in conjunction with the Ministry of Tourism.
The HRDF - Qiddiya Academic Training Program, a 30-month scholarship program, will provide 1,200 local high school graduates with an opportunity to study for diplomas in Hospitality and Entertainment Management from internationally renowned universities here the Kingdom.
The program will begin with Hospitality programs from HTMi Hotel and Tourism Management Institute (Switzerland) will be offered at the Higher Institute of Tourism & Hospitality in Riyadh, Jizan and Al Baha.
The agreement was signed by QIC’s CEO, Michael Reininger and HRDF Director General, Turki Al-Jawini.
“We are committed to building, training and nurturing the future leaders of the Kingdom as they set out to explore the exciting fields of hospitality. We launched our inaugural scholarship program in conjunction with GEA last year, recruited our second batch of interns in collaboration with MiSK, and now, 1,200 local students will receive scholarships for internationally recognized diplomas, enabling them to explore exciting career opportunities in these developing sectors.” said Reininger.
The application process is comprised of three stages: online registration, an open day and an in-person interview.
The program will kick off with the selection of the first cohort of 600 students in October 2020. Post graduation, successful students will be given the opportunity to work alongside industry experts at Qiddiya.
Qiddiya is set to offer a range of scholarship programs to Saudi youth in the coming months.
-Ends-
About Qiddiya Investment Company:
Qiddiya Investment Company (QIC) is driving the development of Qiddiya, Saudi Arabia’s Capital of Entertainment, Sports and the Arts. As a core tenet of Vision 2030, Qiddiya has a dual economic and social purpose: to advance economic diversification and unlock new professional pathways while enriching lives of the youth in the Kingdom.
His Royal Highness Mohammad bin Salman, Crown Prince, Deputy Prime Minister, and Chairman of the Council of Economic and Development Affairs and of the Public Investment Fund (PIF), announced the project on April 7, 2017. Ground-Breaking took place on April 28, 2018 and the company, Qiddiya Investment Company (QIC), was incorporated as a closed joint-stock company wholly owned by PIF on May 10, 2018.
In 2020, Qiddiya has progressed from the planning to the construction phase as the mass grading and site preparation began on site, supported by security fencing around the entire premises of Qiddiya. A strategic partnership with DETASAD was also announced, building on the milestones of 2019, which included the approval of the Master Plan, the release of the design of Six Flags Qiddiya and the opening of the Welcome Center and first site office.
Qiddiya is located south-west of Riyadh on a site that spans 366 sq.km. Phase one is set to open in 2023.
Visitors will enjoy activities across five cornerstones: Sports & Wellness; Nature & Environment; Parks & Attractions; Motion & Mobility; and Arts & Culture. Development of these areas will give rise to family-friendly theme parks; sports arenas suitable for international competitions; academies for sports and the arts; concert and entertainment venues; racetracks for motorsport enthusiasts; outdoor and adventure activities alongside nature and environment experiences; and historical, cultural and educational activities. Qiddiya will also include a variety of real estate options and community services.
© Press Release 2020
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
