Saudi crown prince announces world’s first non-profit city
- Date: 15-Nov-2021
- Source: Arab News
- Sector:Economy
- Country:Saudi Arabia
Saudi crown prince announces world’s first non-profit city
RIYADH: Saudi Arabiaâs crown prince announced on Sunday the establishment of the first non-profit city in the world. The city will 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. âThis 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,â Prince Mohammed bin Salman said. âThe project will provide services that contribute to creating an attractive environment for all beneficiaries of the cityâs offerings,â the crown prince added. Non Profit City will be located on land dedicated to the project by the crown prince in the Irqah neighborhood of Riyadh, adjacent to Wadi Hanifa, on an area of around 3.4 square kilometers. The city's masterplan embodies a human-centered, advanced digital metropolis designed to be sustainable and pedestrian-friendly, and more than 44 percent of the total area will be allocated to green open spaces to promote sustainable development. The crown prince