- Alwaleed Philanthropies, the Ministry of Municipal and Rural Affairs and Housing, and the Housing Development Fund (Sakan) have signed a SAR 2 billion agreement
- The agreement is the largest partnership agreement between the private and government sector in Saudi Arabia
- The partnership will increase citizen housing ownership, provide means of transportation and empower beneficiary families
RIYADH, Saudi Arabia, July 11, 2021 /PRNewswire/ -- Alwaleed Philanthropies, chaired by HRH Prince Alwaleed bin Talal Al Saud, 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 Car Grant" program. The program will enhance adequate housing for families most in need and provide means of transportation.
The "Housing and Car Grant" program, currently one of Alwaleed Philanthropies largest initiatives, seeks to provide 10,000 homes and 10,000 cars within five years across all regions in Saudi Arabia. Through collaboration, Alwaleed Philanthropies and their partners will improve the standard of living for Saudi citizens through reduced housing costs and transportation expenses, in addition to, supporting development housing projects across Saudi Arabia.
The signing ceremony was attended by HRH Prince Alwaleed bin Talal Al Saud, Chairman of Alwaleed Philanthropies, His Excellency Mr. Majid bin Abdullah Al Hogail, Minister of Municipal and Rural Affairs and Housing, HRH Princess Lamia bint Majid Al Saud, Secretary General of Alwaleed Philanthropies, His Excellency Deputy Minister of Municipal and Rural Affairs and Housing, Engineer Abdullah bin Muhammad Al-Badir, and Dr. Ziyad bin Othman Al-Hogail, Chairman of the Board of Trustees of the National Developmental Housing Corporation.
HRH Prince Alwaleed bin Talal Al Saud, Chairman of Alwaleed Philanthropies, stated: "We are proud to enhance our housing and cars program to further support Saudi families and increase the non-profit sector's contributions to increasing the 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 meet the goals set out by the Kingdom's Vision 2030."
His Excellency Minister of Municipal and Rural Affairs and Housing, Majid bin Abdullah Al-Hogail, commented: "This partnership is a testament to each partners mission to support the economic and social impact in the Kingdom and meet the objectives set out in Vision 2030. The collaboration is a continuation of the partnership approach adopted by the Ministry to involve the third sector in national development programs, especially within the housing sector."
Dr. Ziyad bin Othman Al-Hogail, The Chairman of the Board of Trustees of the Housing Development Foundation (SAKAN), added: "The National Development Housing Corporation is keen on evincing effective cooperation with major donors in the Kingdom, and strengthening partnerships with development partners in the governmental and non-profit sectors to coordinate and streamline efforts to achieve 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 more than 4 billion dollars on social welfare and initiated more than 1000 projects in over +189 countries, managed by 10 Saudi female members, reaching more than 1 billion beneficiaries around the world, regardless of gender, race, or religion. Alwaleed Philanthropies collaborates with a range of philanthropic, governmental, and educational organizations to combat poverty, empower women and youth, develop communities, provide disaster relief, and create cultural understanding through education. It seeks to build bridges for a more compassionate, tolerant, and accepting world.