 In 1974, Woodstock College was refounded as the Woodstock Theological Center on Georgetown's campus.The Center for Contemporary Arab Studies was opened on September 3, 1975 with grants from Oman, the United Arab Emirates, Egypt, and Mobil Oil.In 1993 the Center for Muslim-Christian Understanding was opened and after a $20 million grant from Saudi Prince Al-Waleed bin Talal in 2005, the center was renamed the "Prince Alwaleed Center for Muslim–Christian Understanding".