His Royal Highness the Crown Prince announces the establishment of the first non-profit city in the world
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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
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