Saudi Crown Prince Mohammed bin Salman bin Abdulaziz announced on Sunday the establishment of the first non-profit city in the world.
The Crown Prince, who is also the Founder and Chairman of the Board of Mohammed bin Salman Misk Foundation, said the Prince Mohammed Bin Salman Non Profit City will be a model for the development of the non-profit sector globally.
“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,” said the Crown Prince.
The city, “which implements the Digital Twin model, will host academies, colleges, ‘Misk Schools’, a conference center, a science museum, a creative center offering a space to support the ambitions of innovators in sciences and new generation technology such as AI, IOT and Robotics," he said.
He added that “it will also feature an arts academy and arts gallery, performing art theater, 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.”
The city is located on a land dedicated by the Crown Prince, in Irqah neighborhood, 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, pedestrian-friendly, and will allocate more than 44 percent of the total area for green open spaces to promoting sustainable development.
Sunday’s announcement is the result of a goal to create 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 Prince Mohammed Bin Salman Non Profit City will be announced in the coming months.
