Saudi Crown Prince Mohammed bin Salman on Sunday announced the establishment of the first non-profit city in the world which is billed to 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.
“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. “In addition, the project will provide services that contribute to creating an attractive environment for all beneficiaries of the city’s offerings.”
He added that the Non Profit City will will host academies, colleges, a conference center, 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.
“It will also feature an arts academy and arts gallery, performing art theatre, play area, cooking academy and integrated residential complex,” the crown prince said. “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 named as Prince Mohammed Bin Salman Non Profit 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. More than 44 percent of the total area for green open spaces will be devoted to promoting sustainable development.