LBS secures largest Executive Education contract
18 Nov 2013
NTEC appoints London Business School to deliver $38million Kuwaiti leadership programme
London Business School has been appointed by Kuwait’s National Technology Enterprises Company (NTEC) to design and lead a world class leadership programme for the Kuwait Petroleum Company (KPC), worth US$38 million.
The Executive Education contract is the largest ever awarded to the School and one of the biggest globally. Designed to be in complete alignment with KPC’s ambitious talent strategy and business goals, the programme will be delivered over five years in multiple locations.
NTEC, a wholly owned subsidiary of the Kuwait Investment Authority (KIA) focused on technology investments/projects and human capacity building within Kuwait and the region, was awarded a contract by KPC in September, which will fund the five-year programme.
London Business School has now been appointed as the lead partner for the programme as part of a global consortium of world leading institutions.
Professor Sir Andrew Likierman, Dean, London Business School, said: “We are delighted to be working on this exciting programme. In addition to our Executive MBA, we already have major clients in the region, some of very long standing. This contract deepens our regional commitment.”
Mr. Anas Meerza, General Manager, NTEC, added: “We are pleased to be collaborating with KPC and London Business School to train and develop leaders within the oil sector. It’s critical to train and build the capacity of the nation’s workforce to thrive in the field of advanced technological projects. This contract is all about enabling Kuwaiti people to learn and employ strategies and leadership from world-class academics from the best institutions in the world to serve Kuwait’s sectors and national institutions.”
Mr. Nizar Al-Adsani, Deputy Chairman and CEO of KPC, said: “It’s our intention to accelerate the development of the oil sector through launching large projects that will ensure financial prosperity and stability for Kuwait and create new job opportunities that will help support the national economy. This contract is the culmination of our efforts to improve the oil sector’s leaders for their essential role in implementing the country’s ambitious plans for the future.”
The programme will involve 300 participants, across different streams at three levels within the organisation (managing director level, deputy managing director level and manager level). Participants will follow a customised programme linked to KPC’s business strategy and individuals’ personal development needs and then attend open enrolment programmes.
The contract was signed on 15 November at London Business School’s Regent’s Park campus.
London Business School opened its Dubai Centre at the DIFC in 2007, with a focus on teaching students from across the region and further afield on the Executive MBA programme and supporting the leadership education needs of corporate clients in the Gulf. To date, over 4,500 people based in the GCC have attended London Business School degree and executive education programmes. The School has a strong track record of delivering world-class customised programmes in the Kingdom of Bahrain, United Arab Emirates, Kingdom of Saudi Arabia, the Sultanate of Oman and now Kuwait.