Alwaleed Philanthropies Misr El Kheir Foundation Launch Phase II of Sutra

Press release
Published July 12th, 2017 - 10:56 GMT
The launch of phase II of the Sutra Project in Cairo. (SG)
The launch of phase II of the Sutra Project in Cairo. (SG)

PRINCESS Lamia Bint Majid AlSaud, Secretary General of Alwaleed Philanthropies, chaired by Prince Alwaleed Bin Talal Bin Abdulaziz AlSaud, attended the opening ceremony event for the end of phase I and the launch of phase II of the Sutra Project in Cairo on July 9, 2017. In partnership with Misr El Kheir Foundation, the Sutra Project will entail the construction and distribution of 10,000 housing units to Egyptian families over the next ten years.

Attending the opening ceremony was Dr. Ali Gomaa, Chairman of the Board of Misr El Kheir Foundation; Ghada Waly, Minister of Social Solidarity; Dr. Hisham Al Sharif, Minister of the Local Development; the Charge D’Affairs at the Saudi Arabian Embassy in Egypt, and Misr El Kheir Board of Trustees.

Carried out in partnership with the Misr El Kheir Foundation, the Sutra Project targets areas with the highest needs in every Egyptian governorate except for Cairo, North Sena and South Sena. In 2015, as part of the project, Alwaleed Philanthropies grants 10,000 low-cost housing units, an estimated 1000 units will be distributed each year.

Phase I of the Sutra Project helped improve the living standards of 1000 families through various communities, a total of 37 villages. With 13 villages belonging to the center of “Ahnasia” in the Province of Beni Suef, 8 villages belonging to the center of “Juhayna” in Sohag Governorate, and 16 villages belonging to Al Edwa – Matay – Beni Mazar – Samalout centers in Menia Governorate. The Sutra Project is one of the most important programs in Egypt, as it supports families with low incomes by helping them reduce their monthly expenses that go towards housing.

This is the second time that the Alwaleed Philanthropies has collaborated with the Misr El Kheir Foundation. The previous initiative, in 2014, consisted of paying the debts for 1,000 men and women in Egyptian prisons to enable their release during the holy month of Ramadan. This effort was consistent with an Alwaleed Philanthropies’ core objective of promoting community development by ensuring their safe return to society as productive citizens.

For over 37 years, Alwaleed Philanthropies has supported and initiated projects in over 164 countries regardless of gender, race or religion. It collaborates with a range of philanthropic, governmental, non-governmental and educational organizations to combat poverty, empower women and youth, develop communities, provide disaster relief and create cultural understanding through education. Together with its partners, it helps build bridges for a more compassionate, tolerant and accepting world. 

Source: Saudi Gazette

Background Information

Alwaleed Philanthropies

2015 marks our 35th anniversary, and, with it, an exciting new era for Alwaleed Philanthropies. And the era begins with a theme that encapsulates the very essence of our work: unity.

This year, we relaunch The Alwaleed Bin Talal Foundations, unifying its three philanthropic institutions under one common umbrella – Alwaleed Philanthropies –  one in Saudi Arabia, one global, and one dedicated to meeting the social and community needs of Lebanon;  with one shared vision: to contribute to a world of tolerance, acceptance, equality and opportunity – for all.

 

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