RIYADH: Saudi Arabia’s Crown Prince Mohammed bin Salman announced the launch of the “Riyadh Non-Profit Foundation” and the formation of its board of directors on Thursday.
The foundation will be an independent institution and fall under the umbrella of the Royal Commission for Riyadh City, Saudi Press Agency reported.
It will be headed by the crown prince. The CEO of the Royal Commission for Riyadh City Ibrahim bin Mohammed Al-Sultan was appointed vice president and secretary-general of its board of governors.
The foundation aims to support and develop institutional and social work in all its forms, encourage research, studies, and social activities, and enhance community contribution to developing non-profit sector programs, SPA said.
It will also aim to consolidate the culture of social work and enhancing its values. The launch of the foundation is a pioneering step toward enhancing social development and innovation in the non-profit sector, SPA added.
The foundation will focus on achieving social development by empowering all segments of society, enhancing social cohesion, and contributing to preserving the identity of the Riyadh community. It will work with government agencies and non-profit institutions to develop job opportunities in the social sector.
The foundation also aims to be a regional and global leader in financing, designing and launching innovative social programs, support healthcare, education, arts and culture, promote a sustainable environment, contribute to improving the quality of life, achieve social development in the Kingdom by building an integrated and interconnected system, and establish research centers and social project incubators.
