As a part of its ambitious Vision 2030, Saudi Arabia has announced plans to establish a new college focusing on business and entrepreneurship.

Prince Mohammad bin Salman College of Business and Entrepreneurship will be built in King Abdullah Economic City.

The kingdom will collaborate with Babson College from Massachusettes and the the American defense and advanced tech giant Lockheed Martin to build the unique education facility, aiming to align higher education with needs in the job market.

The college will be the first in Saudi Arabia to offer undergraduate and graduate degrees in entrepreneurship.


"We are proud to have launched this leading educational institution which will play a key role in supporting and developing business sectors that encourage initiatives in education and other sectors that help young Saudis," Fahd Al-Rasheed, CEO of King Abdullah Economic City, said, according to Arabian Business .

Education at the college will emphasize applied learning, so graduates will be ready and prepared with the necessary skills to enter the kingdom's labor force.