Today: Tuesday, 28 May 2024 year

Saudi Arabia to establish first non-profit city in world

Saudi Arabia to establish first non-profit city in world

Saudi Crown Prince Mohammed bin Salman (MbS), a senior royal who established the Board of Mohammed bin Salman Misk Foundation, has announced the launch of an unprecedented project. “Prince Mohammed bin Salman Non-Profit City” becomes the first non-profit city on the planet, Saudi Press Agency says.

The Crown Prince says that the city will be a model for the development of the non-profit sector globally and an incubator for youth groups as well as local and international non-profit institutions.

MbS said that this will be the first non-profit city of its kind which will contribute to achieving the goals of his foundation in supporting innovation, entrepreneurship, and qualifying future leaders by defining non-profit work in terms of opportunities and youth training programmes it will provide.

The project will also provide services that contribute to creating an attractive environment for all beneficiaries of the city’s offerings, he added.

“Prince Mohammed bin Salman Non-Profit City, which implements the Digital Twin model, will host academies, colleges, ‘Misk Schools’, a conference centre, 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,” Saudi Prince explained.

First non-profit city will develop the best ideas globally

Describing the unprecedented city, the Saudi royal said that it will also feature an arts academy and gallery, performing art theatre, play area, cooking academy and integrated residential complex.

Moreover, the first non-profit city in world will host venture capital firms and investors to support and incubate innovative enterprises to drive community contributions from around the world.

The 3.4 square metres Non-Profit City is located on land dedicated by the Crown Prince, in Irqah neighbourhood. The city’s master plan embodies a human-centred, advanced digital metropolis designed to be sustainable, pedestrian-friendly, and will allocate more than 44 percent of the total area for green open spaces to promote sustainable development.