An Agreement to Create the “Centennial Valley” in Taibah University, to find an Integral Business Environment for Entrepreneurs , was signed with the University by His Excellency Chairman of the Board of Trustees of the Centennial FundHis Royal Highness Prince Abdul Aziz Bin Abdullah Bin Abdul Aziz, the Deputy of Foreign Minister and Chairman of the Board of Trustees of the Centennial Fund signed with His Excellency the Rector of Taibah University Dr.Adnan Bin Abdullah Al Mazrooa a cooperation memorandum between the Fund and University. Signing the agreement was proceeding from the goals sought to be achieved by the two parties in sustaining the small and medium installations sector through encouraging youth to involve in business sector as promising businessmen by allowing them to take advantage of the services of Centennial Fund at the widest scope and the contribution of Taibah University to facilitate the task of the Fund in providing its services to youth.
His Excellency the Rector of Taibah University clarified that the signed agreement includes creating “Centennial Valley” for the businesses incubator by Centennial Fund in Taibah University according to the Fund laws and finding an integral business environment system for entrepreneurs .The University provides the support needed by the Fund to create the incubator including the provision of offices and appropriate atmosphere and other services. As well, the cooperation includes conducting common scientific researches and studies prepared for publication and also guidance and technical support related to preparing feasibility studies, execution plans, awareness, identification, coordination, and information exchange, in addition to appointing employees from the University to work in Centennial Valley and training entrepreneurs through a common training program aiming at providing youth with the requisite skills necessary to hold create business projects, managing them, and implementing the rehabilitative programs for the male and female guides, organizing and holding occasions related to employment and entrepreneurship . His Excellency Dr. Al Mazrooa affirmed that cooperation between Taibah University and Centennial Fund proceeds from the keenness and interest of the rightly guided leadership in sustaining youth and providing them with the honorable living opportunities for them, expressing his thanks and appreciation for His Royal Highness Prince Abdul Aziz Bin Abdullah Bin Abdul Aziz, the Deputy of Foreign Minister and Chairman of the Board of Trustees of the Centennial Fund for his blessed efforts in achieving the message of the Fund through enabling youth to initiate their private businesses through guidance, facilitation, loaning, and transforming them from job seekers to job providers, and assisting them in attaining their financial independence.