Alwaleed Philanthropies, the Ministry of Municipal and Rural Affairs and Housing and the Housing Development Fund (Sakan) signed a SAR 2 billion agreement
The agreement is the largest partnership agreement between the private and government sectors in Saudi Arabia
The partnership will increase the number of citizen housing owners, provide transportation and empower beneficiary families
RIYAD from Saudi Arabia, July 11, 2021 / PRNewswire / – Alwaleed Philanthropies, chaired by HRH the Prince Alwalid ben Talal Al Saoud, signed a SAR 2 billion partnership agreement with the Ministry of Municipal and Rural Affairs and Housing and the Housing Development Foundation (SAKAN) to support the existing “Housing and Automobile Subsidy” program. The program will improve adequate housing for the most needy families and provide transportation.
The Housing and Car Grant program, currently one of Alwaleed Philanthropies’ largest initiatives, aims to provide 10,000 homes and 10,000 cars within five years in all regions of the country. Saudi Arabia. Through the collaboration, Alwaleed Philanthropies and their partners will improve the standard of living of Saudi citizens by reducing housing costs and transportation expenses, in addition to supporting housing development projects across Saudi Arabia.
The signing ceremony took place in the presence of HRH the Prince Alwalid ben Talal Al Saoud, President of Alwaleed Philanthropies, His Excellency Mr. Majid ben Abdallah Al Hogail, Minister of Municipal and Rural Affairs and Housing, RHS Princess Lamia fuck Majid Al Saoud, Secretary General of Alwaleed Philanthropies, His Excellency the Deputy Minister of Municipal and Rural Affairs and Housing, Engineer Abdullah bin Muhammad Al-Badir, and Dr. Ziyad ben Othman Al Hogail, Chairman of the Board of Directors of the National Developmental Housing Corporation.
HRH the Prince Alwalid ben Talal Al Saoud, President of Alwaleed Philanthropies, said, “We are proud to enhance our housing and car program to further support Saudi families and increase the nonprofit sector’s contributions to increasing national GDP. In partnership with the Ministry of Municipal and Rural Affairs and Housing alongside the National Development Housing Corporation, we look forward to continuing to support sustainable programs and achieve the goals set by the Kingdom’s Vision 2030. “
His Excellency the Minister of Municipal and Rural Affairs and Housing, Majid ben Abdallah Al Hogail, commented: “This partnership testifies to the mission of each partner to support the economic and social impact in the Kingdom and to achieve the objectives set out in Vision 2030. The collaboration is part of the continuity of the approach partnership adopted by the Ministry to involve the third in national development programs, in particular in the housing sector.
Dr. Ziyad ben Othman Al Hogail, The Chairman of the Board of Directors of the Housing Development Foundation (SAKAN)added, “The National Development Housing Corporation is keen to demonstrate effective cooperation with the Kingdom’s major donors and strengthen partnerships with development partners in the government and non-profit sectors to coordinate and streamline efforts to ensuring housing security for beneficiary families, increasing home ownership rates among Saudi citizens and achieving the ambitions of the Kingdom’s Vision 2030. “
For four decades, Alwaleed Philanthropies has supported and spent over $ 4 billion on social welfare and has launched more than 1,000 projects in more than 189 countries, managed by 10 Saudi members, reaching more than a billion beneficiaries worldwide, regardless of gender, race or religion. Alwaleed Philanthropies works with a range of philanthropic, government and educational organizations to fight poverty, empower women and youth, develop communities, provide disaster relief and create cultural understanding through education . He seeks to build bridges for a more compassionate, tolerant and tolerant world.
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SOURCE Alwaleed Philanthropies