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ALHOSN University Vice Chancellor calls for more investments into education at Entrepreneurship 1st Symposium
29/04/2010

Prof. Abdul Rahim Sabouni explains entrepreneurship’s role in higher education in the UAE

 


ALHOSN University Vice Chancellor and CEO Prof. Abdul Rahim Sabouni discussed the importance of investing in the education sector and encouraging entrepreneurship among students during a speech delivered on Monday, April 26, 2010 at the Emirates Palace in Abu Dhabi as part of the Entrepreneurship 1st Symposium.

Held under the theme ‘From U.A.E. to Washington D.C.: A New Beginning Realized,’ the Symposium was conducted parallel to the Presidential Summit on Entrepreneurship in Washington, D.C. in which around 250 successful entrepreneurs from more than 50 countries discussed ways to advance economic and social entrepreneurship and build networks and partnerships among stakeholders. This summit fulfills a pledge US President Barack Obama made during a visit to Cairo, Egypt last year that the US would hold a summit dedicated to strengthening ties between American business leaders, foundations and entrepreneurs and their counterparts in Muslim countries. In the UAE symposium, Prof. Sabouni joined 11 other distinguished speakers who spoke of topics ranging from entrepreneurship development through Public Private Partnerships to the enhancement of regional Small and Medium Enterprises.

In his speech, Prof. Sabouni talked about the economic and academic benefits of investing in higher education: The misconception that private universities are often associated with purely commercial enterprises; fail to account for the optimization in efficiency and quality control and assurance that are necessary for continued operations in an increasingly competitive environment. Self-dependent profitable academic intuitions, by default, must rely on efficient utilization of resources so that they can continue to produce academically rigorous programs for the students.”

“As the UAE continues to develop at such a rapid pace, investing in private education can be both economically sustainable and academically rewarding. Federal policies and regulations must continue to support both individual and corporate initiatives and foster a culture of innovative entrepreneurship in all sectors, especially in higher education,” he added.

This symposium was organized by Cisco Entrepreneur Institute and Knowledge Horizon in cooperation with the US Embassy in Abu Dhabi, and concluded with a live interactive broadcast using new Cisco technology for the Presidential Summit on Entrepreneurship in Washington, D.C.


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