His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister, and Chairman of the Board of the Royal Commission for Riyadh City, officially launched Riyadh Foundation on September 28, 2024. Established by a Royal Decree, the foundation operates as an independent non-profit entity under the umbrella of the Royal Commission for Riyadh City, marking a significant step in advancing social development and innovation in the Kingdom’s non-profit sector.
Context and Background
Riyadh Foundation emerges as a pioneering initiative aligned with the Kingdom’s Vision 2030, designed to serve the aspirations of Riyadh City by addressing four key dimensions: health and happiness, inclusiveness and empowerment, a connected society, and a sustainable city. The foundation leverages a strong Think Tank to focus on research and development, design and deliver impactful social programs, and support entrepreneurial initiatives through incubation and acceleration of community projects. It also manages social assets and unlocks Riyadh’s social capital through volunteering and social enterprise.
Key Details
The foundation will be chaired by HRH Prince Mohammed bin Salman, with Eng. Ibrahim bin Mohammed Al Sultan, CEO of the Royal Commission of Riyadh City, appointed as Vice Chairman and Secretary General. The board of directors includes prominent figures such as Minister of Sport Prince Abdulaziz bin Turki bin Faisal, Minister of Culture Prince Badr bin Abdullah bin Farhan, Mayor of Riyadh Region Prince Dr. Faisal bin Abdulaziz bin Alayyaf, Minister of Finance Mohammed Al-Jadaan, Minister of Human Resources and Social Development Ahmed Al-Rajhi, Minister of Tourism Ahmed Al Khateeb, Minister of Health Fahad Al-Jalajel, Minister of Education Yousef Al-Benyan, and Advisor to the General Secretariat of the Council of Ministers Fahad bin Abdulmohsen Al Rasheed. These members represent sectors and public entities that will benefit from the foundation’s work.
Implications and Impact
Riyadh Foundation is expected to foster social cohesion, connectivity, and education, while boosting cultural awareness and understanding, heritage, and arts to enhance the sense of belonging among residents and visitors. It also promotes environmental sustainability through sustainable practices across the city, contributing to Riyadh’s transformation into a global hub for innovation and quality of life.
Vision 2030 Alignment
The launch of Riyadh Foundation underscores Saudi Arabia’s commitment to achieving the goals of Vision 2030 by strengthening the non-profit sector, promoting social development, and enhancing the well-being of the community. As Riyadh continues to evolve into a global city, the foundation will play a pivotal role in driving sustainable and inclusive growth, further positioning the Kingdom as a leader in social innovation and long-term prosperity.
20 Questions
Q1. What is Riyadh Foundation?
A1. Riyadh Foundation is an independent non-profit foundation launched by HRH Crown Prince Mohammed bin Salman, operating under the Royal Commission for Riyadh City to promote social development and innovation.
Q2. When was Riyadh Foundation launched?
A2. It was launched on September 28, 2024, as announced by the Saudi Press Agency.
Q3. Who chairs Riyadh Foundation?
A3. HRH Crown Prince Mohammed bin Salman chairs Riyadh Foundation.
Q4. Who is the Vice Chairman of Riyadh Foundation?
A4. Eng. Ibrahim bin Mohammed Al Sultan, CEO of the Royal Commission of Riyadh City, is the Vice Chairman and Secretary General.
Q5. What are the four key dimensions of Riyadh Foundation?
A5. Health and happiness, inclusiveness and empowerment, a connected society, and a sustainable city.
Q6. How does Riyadh Foundation support social development?
A6. It uses a Think Tank for research, designs social programs, supports entrepreneurial initiatives, and manages social assets and volunteering.
Q7. Is Riyadh Foundation aligned with Vision 2030?
A7. Yes, it is a pioneering step toward promoting social development and innovation in the non-profit sector under Vision 2030.
Q8. Who are some board members of Riyadh Foundation?
A8. Board members include Minister of Culture Prince Badr bin Abdullah and Minister of Finance Mohammed Al-Jadaan.
Q9. What sectors benefit from Riyadh Foundation?
A9. Sectors include sport, culture, finance, human resources, tourism, health, and education.
Q10. What is the role of the Think Tank at Riyadh Foundation?
A10. It focuses on research and development to inform the foundation’s programs and initiatives.
Q11. How does the foundation promote a connected society?
A11. By enhancing social cohesion, cultural awareness, heritage, and communication among residents and visitors.
Q12. What is the foundation’s role in sustainability?
A12. It promotes environmental sustainability through sustainable practices across Riyadh City.
Q13. What does
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