Saudi Fund for Development Breaks Ground for the Library of the University of Sarajevo
1.8.2023 15:15:00 EEST | Business Wire | Press release
The Saudi Fund for Development (SFD) Board of Directors Chairman, H.E. Ahmed Al-Khateeb, laid the foundation stone, to kick off the construction and equipping of the new library in the University of Sarajevo, funded through a generous $22 million grant provided by the Kingdom of Saudi Arabia, through SFD.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230801896795/en/
Image showcasing the groundbreaking ceremony of the Library of the University of Sarajevo (Photo: AETOSWire)
The new library will act as a central hub to connect the university’s 28 sub-libraries and will contribute towards enhancing its educational and research capabilities. With a total area of 13,590 square meters, it will be equipped with the latest technology and digital learning tools, helping to future-proof the university, and allowing it to better meet the needs of its students. In total, more than 22,000 male and female students will benefit from the new library, alongside 1,618 staff and faculty members, and 10,000 external beneficiaries.
Additionally, the library will play a key role in supporting the advancement of the university’s research and innovation capabilities. It will also contribute towards realizing the UN Sustainable Development Goals, specifically SDG 4, Quality Education, and SDG 10, Reduced Inequalities.
On this occasion, the SFD Board of Directors Chairman, H.E. Ahmed Al-Khateeb, stressed that this project is a testament to the collaborative relationship between both countries, stating: "This project reflects the strong and lasting developmental ties between the Kingdom of Saudi Arabia and Bosnia and Herzegovina, which began three decades ago. We are confident that the new library will help meet the needs of both male and female students at the University of Sarajevo, and the surrounding community. “
The Prime Minister of Sarajevo Canton, Mr. Nihad Uk, stated in his address: "The building for which we are laying the foundation stone today is significant because it will also be the most visible bridge of friendship between Kingdom of Saudi Arabia and Bosnia and Herzegovina. We are grateful to Saudi Arabia for this investment. The library is a symbol of knowledge, cultural upliftment, communication, and I believe that our cooperation and friendship will develop precisely in these directions in the future".
During the past three decades, SFD has helped to fund 11 projects and development programs in various regions of Bosnia and Herzegovina, through soft development loans worth a total of $185 million.
*Source: AETOSWire
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230801896795/en/
Contact information
Nawaf Alojrush, +966506110244
alojrush@sep.gov.sa
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Hitachi Unveils a New Global Digital Services Company Turning Cloud, Data and AI Into Measurable Business Outcomes: Hitachi Digital28.10.2026 02:00:00 EET | Press release
Hitachi, Ltd. (TSE:6501, “Hitachi”) today announced plans to launch Hitachi Digital Inc. (“Hitachi Digital”), a new global digital services company, on April 1, 2027, in accordance with the integration plan announced in January 20261. Hitachi Digital will unite Hitachi’s U.S. subsidiaries, GlobalLogic Inc. (“GlobalLogic”) and Hitachi Digital Services LLC (“Hitachi Digital Services”) under a single company using the Hitachi brand, with a brand campaign launching today. Hitachi Digital will steadily guide enterprise digital transformation at the convergence of cloud, data and AI toward concrete business results. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20261027531796/en/ Hitachi unveils a new global digital services company turning cloud, data and AI into measurable business outcomes: Hitachi Digital With approximately 35,000 professionals in 27 countries and more than 880 active clients, Hitachi Digital combines product a
Grid Dynamics Launches Business Process Consulting Practice to Bridge the Gap Between AI Investment and Business Results27.10.2026 22:05:00 EET | Press release
Grid Dynamics Holdings, Inc. (Nasdaq: GDYN) (“Grid Dynamics”), a premier AI transformation partner for the Fortune 1000, today announced the launch of its Business Process Consulting practice, extending the company's AI transformation capabilities across the entire AI adoption lifecycle, beyond technology implementation to non-technical areas of enterprise AI value creation. Grid Dynamics has established itself as a leader in enterprise AI engineering, developing and deploying advanced AI solutions for some of the world's largest enterprises. Drawing on this experience, the company is expanding its focus to two critical factors in maximizing the business impact of AI: identifying the business domains and processes with the greatest potential for AI-driven improvement, and ensuring that the resulting solutions are successfully adopted across the enterprise. Starting with early discovery, the practice identifies and prioritizes high-value transformation opportunities, establishes busines
Logitech Announces Q2 Fiscal Year 2027 Results27.10.2026 22:05:00 EET | Press release
SIX Swiss Exchange Ad hoc announcement pursuant to Art. 53 LR — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced financial results for the second quarter of Fiscal Year 2027. Sales were $1.22 billion, up 3 percent in US dollars and 2 percent in constant currency, compared to Q2 of the prior year. GAAP gross margin was 44.9 percent, up 150 basis points compared to Q2 of the prior year. Non-GAAP gross margin was 45.2 percent, up 140 basis points compared to Q2 of the prior year. GAAP operating income was $201 million, up 5 percent compared to Q2 of the prior year. Non-GAAP operating income was $231 million, up 0.4 percent compared to Q2 of the prior year. GAAP earnings per share (EPS) was $1.25, up 9 percent compared to Q2 of the prior year. Non-GAAP EPS was $1.51, up 4 percent compared to Q2 of the prior year. Cash flow from operations was $164 million. The quarter-ending cash balance was $1.51 billion. The Company returned $406 million of cash to shareholders in the qu
Hightouch Partners with Independent Media to Activate Reader and Commercial Data27.10.2026 18:01:00 EET | Press release
Hightouch, the leading agentic marketing platform, today announced a partnership with Independent Media, publisher of The Independent. Independent Media will use Hightouch to connect its customer data to marketing tools. With Hightouch, the company will send readers more relevant membership and subscription offers, build stronger audiences for its advertising partners, and grow its affiliate and e-commerce business. “Deepening customer relationships and delivering real value to our commercial partners requires moving seamlessly from insight to action,” said Krishan Gandhi, Director of Data Intelligence and Monetisation at Independent Media. “Partnering with Hightouch allows us to utilise our warehouse data directly into our engagement tools, powering real-time, omnichannel journey orchestration, while enabling us to build premium audience segments with far greater speed and agility.” “Independent Media has a large, loyal readership and strong relationships with advertisers,” said Matth
IFF Identifies Ten Consumer Moments Reshaping Food and Beverage Innovation in the GLP-1 Era27.10.2026 17:00:00 EET | Press release
IFF (NYSE: IFF)—a global leader in flavors, fragrances and health and biosciences, today launched its latest report, “GLP-1 Consumer Moments of Opportunity.” The report uncovers ten emerging consumer moments that reflect the changing needs of consumers using GLP-1 medications. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20261026614988/en/ New report from IFF uncovers ten emerging consumer moments that reflect the changing needs of consumers using GLP-1 medications. “What GLP-1 users need from food and beverage products depends on the moment, and those needs can change many times throughout the day,” said Yuvraj Arora, president of IFF Taste. “The most successful innovations will be designed around the occasions that matter most to consumers, delivering the right balance of nutrition, enjoyment and functionality for each one. Understanding these moments can unlock entirely new avenues for innovation." While much of the indus
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom