Announcement of Signing an Agreement with Knowledge University to Implement the Largest National Project for Workforce Qualification with a Value of up to SAR 200 Million
- Shahad Abdullaah Nakhooda
- News
| Item | Description |
|---|---|
| Introduction | Future Vision for Health Training Company announces the signing of an exclusive strategic agreement with Knowledge University, aimed at implementing one of the largest digital training projects in the Kingdom of Saudi Arabia, with a total value of SAR 200 million, to train and qualify 50,000 beneficiaries over a period of three years. This agreement reflects the company’s ongoing approach to launching high-impact initiatives that enhance the efficiency of the national workforce and provide advanced training solutions in partnership with leading educational institutions. The company affirms that this partnership represents a pivotal milestone in its journey, combining operational expertise with digital innovation in delivering training programs, thereby strengthening its role as a key provider of high-quality education in the Kingdom and the region. |
| Award Announcement Date | 1447-02-03 (corresponding to 2025-07-28) |
| Contract Subject | Signing a strategic agreement between Future Vision for Health Training Company and Knowledge University to implement a national project for workforce development with a value of up to SAR 200 million. |
| Contracting Party | Knowledge University |
| Contract Signing Date | 1447-02-03 (corresponding to 2025-07-28) |
| Contract Value | SAR 200 million |
| Contract Details | Signing a strategic agreement between Future Vision for Health Training Company and Knowledge University to implement a national project for workforce development with a total value of approximately SAR 200 million, aiming to train and qualify 50,000 beneficiaries over a period of three years. |
| Contract Duration | 3 years |
| Financial Impact and Timeline | The agreement is expected to have a positive financial impact on the revenues of Future Vision for Health Training Company starting from the fourth quarter of the fiscal year 2025. It will contribute to diversifying income sources and enhancing operating revenues through the delivery of professional training programs. The partnership is also expected to positively reflect on the company’s financial performance in a gradual and accelerating manner over the three-year project period. Any material future developments related to the implementation of this agreement will be disclosed in due course. |
| Related Parties | There are no related parties involved in this agreement. |
