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    Capstone Project Proposal

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    Mohammad Al-khatib
    King Abdullah Economic City (KAEC) in Saudi Arabia plans to establish a private high institute to provide specialized training programs and vocational education to support the growing economy under Vision 2030. As a real estate developer, KAEC wants to shift from being an education provider to enabling third parties to invest and operate education services from KAEC. KAEC has fitted out a building with capacity for 1,000 students for a training service provider, and will prepare a 5-year business plan to validate the financial viability of a partnership where the provider operates the institute for 5 years before leasing the building directly.

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    Capstone Project Proposal

    Uploaded by

    Mohammad Al-khatib
    180 views1 page
    King Abdullah Economic City (KAEC) in Saudi Arabia plans to establish a private high institute to provide specialized training programs and vocational education to support the growing economy under Vision 2030. As a real estate developer, KAEC wants to shift from being an education provider to enabling third parties to invest and operate education services from KAEC. KAEC has fitted out a building with capacity for 1,000 students for a training service provider, and will prepare a 5-year business plan to validate the financial viability of a partnership where the provider operates the institute for 5 years before leasing the building directly.

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    King Abdullah Economic City (KAEC) in Saudi Arabia plans to establish a private high institute to provide specialized training programs and vocational education to support the growing economy under Vision 2030. As a real estate developer, KAEC wants to shift from being an education provider to enabling third parties to invest and operate education services from KAEC. KAEC has fitted out a building with capacity for 1,000 students for a training service provider, and will prepare a 5-year business plan to validate the financial viability of a partnership where the provider operates the institute for 5 years before leasing the building directly.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    180 views1 page

    Capstone Project Proposal

    Uploaded by

    Mohammad Al-khatib
    King Abdullah Economic City (KAEC) in Saudi Arabia plans to establish a private high institute to provide specialized training programs and vocational education to support the growing economy under Vision 2030. As a real estate developer, KAEC wants to shift from being an education provider to enabling third parties to invest and operate education services from KAEC. KAEC has fitted out a building with capacity for 1,000 students for a training service provider, and will prepare a 5-year business plan to validate the financial viability of a partnership where the provider operates the institute for 5 years before leasing the building directly.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    Mohammed El Khatib, Mohieddin Al Hashash

    EMBA | C22 – Capstone Project


    Patrick Fitzgerald
    31st July 2021
    Capstone Project Proposal
    In line with Vision 2030, the Kingdom of Saudi Arabia is projected to undergo significant population, economic, and industrial
    growth, over the next decade. King Abdullah Economic City (KAEC) aspires to play a pivotal role in achieving this vision.

    To play this role, KAEC is planning to establish a unique and ambitious private high institute to provide specialized training
    programs and vocational education, with the goal of creating qualified Saudi workforce equipped with the necessary skills
    and expertise to support the ever-growing economy, in both public and private domains.

    As real estate developer, KAEC education strategy is to shift from an education service provider to an enabler/facilitator for third party education
    service providers to invest and operate from KAEC.

    KAEC is located in a remote area with a low population density (7,000 people, 50% of whom are laborers), making it financially challenging and
    risky for a training service provider to invest solely in CAPEX and OPEX and operate from KAEC rather than a metropolitan city like Jeddah
    (population of 6 million).

    KAEC is phasing out of the role of education service provider in two stages to mitigate this challenge and attract investors. Phase 1 is to develop
    the institute's business model over a five-year partnership period, in which the investor has skin in the game and shares both financial and
    operational risks; phase 2 is to exit after five years and lease the building to the service provider assuming back its main role as a real estate
    developer.

    KAEC has fitted out a 9,000 square meter building near the port area with a capacity of 1,000 students for the training service provider to bring in
    its expertise and education programs to operate.

    A 5-year business plan with the following format and content will be prepared to validate the project's financial and economic viability:

    • Executive Summary
    • Overview & Background
    • Vision, Mission, Values & Strategic Objectives
    • Business Structure
    • Organizational Structure
    • Offerings and quality assurance
    • Market Assessment & Analysis
    • SWOT Analysis and Growth Strategy
    • Marketing strategy
    • Sales & pricing strategy
    • Financial Plan
    • Legal and Accreditation
    • Resources

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