Georgia's new parliament opens first session amid mass protests and boycott    Gangsters block aid distribution in south Gaza    Russian deserter reveals war secrets of guarding nuclear base    Judge dismisses special counsel's election case against Trump    Best-selling novelist Barbara Taylor Bradford dies    Lulu Saudi Arabia celebrates its 15th anniversary with the grand launch of 'Super Fest 2024'    Cristiano Ronaldo's double powers Al Nassr to 3-1 win over Al Gharafa in AFC Champions League    Franchise registrations in Saudi Arabia surge 866% over 3 years    Al Ahli edges Al Ain 2-1, bolsters perfect start in AFC Champions League Elite    Saud Abdulhamid makes history as first Saudi player in Serie A    Culture minister tours Saudi pavilion at Expo 2025 Osaka    Saudi Cabinet to hold special budget session on Tuesday    King Salman orders extension of Citizen's Account Program and additional support for a full year    Al-Falih: 1,238 foreign investors obtain premium residency in Saudi Arabia    Most decorated Australian Olympian McKeon retires    Adele doesn't know when she'll perform again after tearful Vegas goodbye    'Pregnant' for 15 months: Inside the 'miracle' pregnancy scam    Do cigarettes belong in a museum?    Riyadh Emir inaugurates International Conference on Conjoined Twins in Riyadh    Saudi Arabia to host 28th Annual World Investment Conference in Riyadh    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Alwaleed Philanthropies grants 10,000 housing units and 10,000 cars to Saudis
Published in The Saudi Gazette on 05 - 07 - 2015

JEDDAH — As an expression of his gratitude to the Saudi nation and its people, Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud announced the resumption of the two Alwaleed philanthropic projects that consist of providing 10,000 housing units to Saudi citizens, which is part of his development housing initiative, in addition to granting Saudis 10,000 cars, thereby, bringing the total number of beneficiaries among Saudi men and women to 100,000 in 10 years.
Affording a home is a major concern for most Saudi citizens nowadays. It has become a big burden weighing on the family's budget, especially given that Saudi families are mostly young, small and with very limited means. According to the latest official population census of the Kingdom of Saudi Arabia, the youth constitute the majority of the population.
In regard to the initiative of granting 10,000 cars, the Foundation believed that it should go to the families which have no transportation means, resorts to renting transportation services which places a costly burden on them. By providing a car and a house, those expenses would be spared and each family's other disposable income would be increased. Hence, the Alwaleed philanthropies is carrying through with its past pledges of ensuring 10,000 housing units that would benefit 10,000 Saudi families, approximately 60,000 Saudi citizens since the average size of a family in Saudi Arabia is six. Hence, the housing units are being distributed on an average of 1,000 units per year to beneficiaries who do not qualify for housing under the Housing Ministry's system. Alwaleed philanthropies plays a complementary role in relieving the burden of housing in Saudi Arabia and is not an alternative or a competitor to the government's project.
According to the statistics gathered when distributing the units, 1,240 housing units have already been distributed to a number of beneficiaries, encompassing 10,558 men and women.
The Foundation also plans to distribute 10,000 cars to eligible families at an average of 1,000 cars each year. The project will be carried out over 10 years. The conditions and mechanisms of distribution to eligible families will be available on the website of Alwaleed Philanthropies. Alwaleed will be announcing the names of beneficiaries in due course.
The two projects are not linked together, which means that the beneficiary of the first project will not necessarily benefit from the second project. This also does not mean that the beneficiary of the second project will not benefit from the first project. Each project is independent of the other and has its own conditions and mechanisms of distribution available on the Alwaleed Philanthropies website as follows: http://www.alwaleedphilanthropies.org/
"What I possess is a gift from Allah. I was born and brought up in this dear country, the most precious place for me to give and share with its people. In whatever I do, I am thankful to and seek the countenance of Allah," Alwaleed said.
Alwaleed Philanthropies has been working for 35 years on launching humanitarian projects and supporting them in more than 92 countries. “The Foundation works in cooperation with a large group of educational, governmental and charitable institutions with a view to eradicating poverty, empowering women and youth, developing communities, providing vital disaster relief and bringing cultures together through awareness and education. Thanks to this collaboration, we can promote a world of forgiveness, harmony and sympathy,” Alwaleed Philanthropies said in a statement issued Saturday (July 4). — SG


Clic here to read the story from its source.