Saudi Crown Prince announces establishment of first non-profit city in the world

Agencies | Riyadh

The Daily Tribune – www.newsofbahrain.com

Saudi Crown Prince and Founder and Chairman of the Board of Mohammed bin Salman Misk Foundation His Royal Highness Mohammed bin Salman bin Abdulaziz Al Saud, announced the launch of Prince Mohammed Bin Salman Non-Profit City as 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.

“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 Crown Prince said.

“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.

It will also feature an arts academy and art 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,” he added, according to the Saudi Press Agency (SPA).

Prince Mohammed Bin Salman Non-Profit City is located in the Irqah neighbourhood, adjacent to Wadi Hanifa, on an area of 3.4 square kilometres.

The city's master plan embodies a human-centred, 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 promote sustainable development.