RIYADH: The National Developmental Housing Corp. Sakan, represented by the Jood Eskan platform, Alwaleed Philanthropies and the Ministry of Municipal and Rural Affairs and Housing celebrated the anniversary of the partnership agreement between their organizations on Sunday in Riyadh.
The anniversary coincided with the milestone achieved by the partnership in granting 750 cars and providing housing for 2,110 families in need, with the support of Alwaleed Philanthropies.
The celebration was held under the patronage of Minister and Chairman of the Board of Trustees for Developmental Housing Majid bin Abdullah Al-Hogail and in the presence of Chairman of the Board of Trustees of Alwaleed Philanthropies Prince Alwaleed bin Talal and several other dignitaries.
In accordance with Jood Eskan, Alwaleed Philanthropies will provide further financial support by allocating homes for 10,000 of the neediest Saudi families, amounting to SR2.06 billion ($548 million).
The tripartite agreement, which was signed in July 2021, will last for a duration of five years.
Deputy Minister Eng. Abdullah bin Muhammad Al-Badir said the partnership represents a successful model for the non-profit sector by assuming societal responsibilities and sponsoring community initiatives that have a tangible impact on segments of society, specifically families. This agreement and others like it, he explained, aid in the achievement of the Kingdom’s Vision 2030 goals by raising the non-profit sector’s contribution to the gross domestic product by 5 percent by 2030.
Secretary-General of Alwaleed Philanthropies Princess Lamia bint Majed bin Abdulaziz said that the accomplishment embodies Alwaleed Philanthropies’ approach and its aspirations of improving the lives of needy families and contributes to achieving “a flourishing economy and an ambitious homeland.”
By introducing creative development programs and launching inspiring initiatives, she added, these cadres will be a driving force in economic prosperity, social cohesion and sustainable development.
