Saudi Arabia launches 1st non-profit city

Riyadh : Saudi Arabias Crown Prince Mohammed Bin Salman bin Abdulaziz Al Saud announced that the first non-profit municipality was being launched.

According to a local media report, the Prince Mohammed Bin Salman Non-Profit City of Riyadh will be a model for developing the non-profit sector globally.It will also serve as an incubator for youth and volunteer organizations as well as non-profit institutions local and internationally.The city will be built on an area of around 3.4 square kilometres and will support innovation, entrepreneurship and qualifying future leaders by defining non-profit work.The city will cover an area of approximately 3.4 km2.It will encourage innovation, entrepreneurship, and qualify future leaders through non-profit work.The city that implements the digital twin model, will host academies, colleges, schools, a conference centre, science museum, creative centre offering a space to support the ambitions of innovators in sciences and new generation technology, the Crown Prince said following the launch on Sunday.

Following Sundays launch, the Crown Prince stated that the city will be home to the digital twin model and will also host schools, colleges, universities, conference centres, science museums, creative centers, and other facilities to help support the ambitions for innovators in sciences, new technology, and the arts.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 will also host venture capital investors and firms to help incubate and support innovative businesses that can drive community contributions from all over the globe.The launch of the city comes days after the announcement of the offering of Saudi nationality to some talented individuals, in order to promote creativity and innovations.

The citys launch comes just days after the announcement that some Saudi talent would be granted the nationality of Saudi Arabia.This was done in order to encourage creativity and innovation.ksk #Saudi #Arabia #profit.