Classes at Prince Muhammad bin Fahd Private University in the Eastern Province will begin in September next year, according to Dr. Eissa Al-Ansari, president of the university. He said the number of its students would increase from 600 to 5,500 in five years.
"We have awarded the contract to a national company which will construct the university building at a cost of SR220 million," he told Asharq Al-Awsat, a sister publication of the Arab News. The first phase of the project would be ready by July 2006.
The university will charge a fee of SR25,000 for studies at the College of Administrative Sciences, SR30,000 to SR35,000 for College of Information Technology, and SR35,000 to SR40,000 for the College of Engineering.
The president described the fees as reasonable compared to other private universities in the region and taking into account the high standard of education offered by his university. "We'll provide scholarships to outstanding students and those unable to meet expenses with the support of businessmen and philanthropists," he said.
The university will have 17 academic programs and the courses will be taught in English.
Al-Ansari said the university would cooperate with 32 US universities, which are its academic consultants.
Talking about major donors, the president said Prince Sultan, the Second Deputy Premier and Minister of Defense and Aviation, had given SR10 million. The Governor of Eastern Province, Prince Mohammad bin Fahd (the university is named after him) donated 500,000 square meters of land, as well as the building for the engineering college (which is estimated to cost SR17 million).
Al-Ansari said all university buildings would be ready by the middle of 2008. Student accommodations would be completed before the beginning of the academic year, he added. The university will offer 40 administrative jobs and at least 30 teaching jobs in the first year.
