The world’s first non-profit city will be established in Saudi Arabia.
The city will be a hub for the global non-profit sector and serve as an incubator for youth and volunteer groups as well as local and international non-profit organisations, the official Saudi Press Agency (SPA) reported.
Prince Mohammed Bin Salman Non Profit City, announced by the Crown Prince of Saudi Arabia, is designed to be sustainable, and more than 44 percent of the total area for green open spaces will be allocated to promote sustainable development.
“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,” Crown Prince Mohammed Bin Salman said.
Misk Foundation, which operates a K-12 school in Riyadh, was established by Prince Mohammed bin Salman bin Abdulaziz in 2011, as a non-profit organisation devoted to cultivating and encouraging learning and leadership in youth in Saudi Arabia. The foundation invests in empowering the youth of Saudi Arabia in three main pillars: education and entrepreneurship, culture and creative arts, and science and technology as a supporting field.
“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,” the Crown Prince said.
The planned city will be around 3.4 square kilometres.
“[The city] will also feature an arts academy and arts 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,” the Crown Prince added.
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