PR93089

RIYADH, Saudi Arabia, Nov. 16, 2021 /PRNewswire=KYODO JBN/ --

His Royal Highness Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince,

Founder and Chairman of the Board of Mohammed bin Salman Misk Foundation, today

announced the launch of Prince Mohammed Bin Salman Non Profit City, the first

non-profit city in the world, to be a model for the development of the

non-profit sector globally and an incubator for youth and volunteer groups as

well as local and international non-profit institutions.

HRH the Crown Prince said: "This will be the first non-profit city of its kind

which will contribute to achieving the goals of Mohammed bin Salman Misk

Foundation in supporting innovation, entrepreneurship and qualifying future

leaders by defining non-profit work in its internal operational concept and in

terms of opportunities and youth training programs it will provide. In

addition, the project will provide services that contribute to creating an

attractive environment for all beneficiaries of the city's offerings."

HRH added: "Prince Mohammed Bin Salman Non Profit City which implements the

Digital Twin model, will host academies, colleges, 'Misk Schools', a conference

center, a science museum, a creative centre offering a space to support the

ambitions of innovators in sciences and new generation technology such as AI,

IOT and Robotics. It will also feature an arts academy and arts gallery,

performing art theatre, play area, cooking academy and integrated residential

complex. In addition, the city will host venture capital firms and investors to

support and incubate innovative enterprises to drive community contributions

from around the world."

Prince Mohammed Bin Salman Non Profit City, the first non-profit of its kind,

is located on a land dedicated by His Highness the Crown Prince, in Irqah

neighborhood, adjacent to Wadi Hanifa, on an area of around 3.4 sq km.

The city's masterplan embodies a human-centered, advanced digital metropolis

designed to be sustainable, pedestrian-friendly, and will allocate more than 44

per cent of the total area for green open spaces to promoting sustainable

development.

The announcement of Prince Mohammed Bin Salman Non Profit City is led by the

goal of creating a vibrant Saudi youth talent system to shape the future of the

Kingdom and the world, by encouraging learning and developing leadership skills

among youth. Details surrounding development phases and progress of the city

will be announced in the coming months.

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Source: Prince Mohammed Bin Salman Non Profit City