Saudi Arabia’s Crown Prince has announced the launch of the “Prince Mohammed Bin Salman Non Profit City,” the first non-profit city in the world, according to a state news agency report.

The Saudi Press Agency said that the planned city is expected to be a model for the development of the non-profit sector globally and an incubator for youth and volunteer groups as well as local and international non-profit institutions.

“This will be the first non-profit city of its kind which will contribute to achieving the goals of Mohammed bin Salman Misk Foundation in supporting innovation, entrepreneurship and qualifying future leaders by defining non-profit work in its internal operational concept and in terms of opportunities and youth training programs it will provide. In addition, the project will provide services that contribute to creating an attractive environment for all beneficiaries of the city’s offerings,” Crown Prince Mohammed bin Salman was quoted as saying.

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