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Mon 14 Sep 2015 12:06 PM

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Alwaleed Philanthropic provides 10,000 houses, cars to Saudi citizens

Prince Alwaleed delivers on promise to provide homes and cars to Saudis

Alwaleed Philanthropic provides 10,000 houses, cars to Saudi citizens

The first two groups of Saudi beneficiaries of a charity programme of Alwaleed Philanthropies, chaired by Prince Alwaleed bin Talal, have received housing units and cars.

The Alwaleed Philanthropic project supports community development by providing 10,000 housing units and 10,000 cars to Saudi citizens who are eligible as per the criteria set by the organisation.

Alwaleed Philanthropies aims to cover individuals who are not eligible to the housing programme offered by the Ministry of Housing. This initiative will be ongoing for the next 10 years.

According to Alwaleed Philanthropies research findings, affording a home is a major concern to most Saudi citizens nowadays. Rent is a big burden weighing on the family’s budget, especially since majority of the families are young.

By providing 10,000 housing units for 10,000 Saudi families, the initiative will support 60,000 Saudi citizens since the average of each family in the kingdom includes around six members.

In the last 35 years, Alwaleed Philanthropies has supported and initiated projects in 94 countries, regardless of gender, race or religion.

It collaborates with a range of philanthropic, government and educational organisations to combat poverty, empower women and youth, develop communities, provide disaster relief and create cultural understanding through education.

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Alex 4 years ago

Great example from HH Prince Alwaleed. Other businessmen in the region should aspire to his philanthropy that benefits the citizens.