Sydney, Australia – 6th November 2024 – UniVerse, the global leader in decentralised academic platforms, is thrilled to announce its expansion into Saudi Arabia with a transformative $50 million USD investment. This significant commitment underscores UniVerse’s dedication to advancing Saudi Arabia’s education and research landscape through the creation of pioneering facilities, designed to foster scientific excellence and innovation across the Kingdom.
The landmark agreement with Trademark Group was formalised at a signing ceremony held at the GAFT office in Sydney, attended by His Excellency Meshare Ben Naheet, Consul General of Saudi Arabia to Australia, Atif AlOthri, the Commercial Attaché of Saudi Arabia to Australia, and Sam Jamsheedi, Chairman of Trademark Group and President of the Australia Saudi Business Council. This expansion marks UniVerse’s first major project in Saudi Arabia and reflects its commitment to the Kingdom’s Vision 2030, supporting economic diversification and establishing Saudi Arabia as a global hub for academic innovation.
With this investment, UniVerse will launch state-of-the-art research labs and educational facilities, equipping Saudi students, educators, and researchers with cutting-edge resources. These facilities will offer unprecedented opportunities for research and collaboration, creating a thriving environment for both local and international academic talent.
Grand Reedy, CEO of UniVerse, highlighted the vision behind UniVerse’s expansion into the Kingdom:
“Our investment in Saudi Arabia represents UniVerse’s mission to build a decentralised academic future where boundaries are removed, and knowledge flows freely. By launching these world-class facilities, we are not only supporting local innovation but also positioning Saudi Arabia as a beacon of academic excellence. This expansion is about empowering the Kingdom’s future thinkers, researchers, and leaders on a global stage.”Sam Jamsheedi, Chairman of Trademark Group, added:
“UniVerse’s entry into Saudi Arabia is a remarkable step toward realising the Kingdom’s aspirations in education and research. This partnership will catalyse academic growth, bridge knowledge gaps, and support Vision 2030’s goal of a diversified, knowledge-driven economy. Trademark Group is honoured to play a part in bringing UniVerse’s transformative vision to the Kingdom.”Atif AlOthri, Commercial Attaché of Saudi Arabia to Australia, expressed his enthusiasm for the partnership:
“The collaboration between UniVerse and the Kingdom demonstrates the depth of the Saudi-Australian relationship. UniVerse’s investment is a clear testament to the Kingdom’s potential as a centre for global knowledge and innovation. Saudi Arabia is committed to supporting transformative projects that align with our vision for a dynamic and knowledge-based future.”UniVerse’s expansion into Saudi Arabia marks a new chapter in the Kingdom’s academic journey, establishing it as a leader in decentralised research and education. Through this $50 million USD investment, UniVerse and Trademark Group are set to shape a forward-thinking academic environment, strengthening Saudi Arabia’s role in the global research and education landscape.
