Alwaleed Philanthropies, chaired by Prince Alwaleed Bin Talal, announced the names of the 2,600 Saudi citizens who will benefit from the seventh batch of the foundation’s housing and car grants.
The program aims to provide 10,000 housing units and 10,000 cars to Saudi citizens across the Kingdom over a period of 10 years.
The foundation seeks to improve the living standards of Saudi citizens through various community development projects. The “Housing and Car Grants” program is one of the foundation’s long term initiatives, targeting Saudi citizens that are not eligible to apply for grants from the Ministry of Housing and Infrastructure, based on criteria set by Alwaleed Philanthropies. The purpose of providing transportation is to reduce a household’s monthly expenses and help those families generate savings.
Due to the great importance of this program, Alwaleed Philanthropies aims to continuously develop the program and upgrade the level of services provided to the community. The foundation has taken into account the average family structure in terms of the number of members per household, in addition to reassessing the needed space per household, which resulted in a delay in announcing the new installment.
After conducting field visits to the needy families and studying their different needs, Alwaleed Philanthropies delivered 400 square meter villas for all beneficiaries of the sixth installment of the program. The project was located in Al-Hayer district of Riyadh.
Alwaleed Philanthropies has not set any fees or age limit for applicants of the grants.
The names of beneficiaries in the seventh installment were announced along with a video of the sixth installment on Prince Alwaleed’s twitter account @alwaleed_talal.
“Prince Alwaleed’s vision that all families have the right to a decent life, Alwaleed Philanthropies is delighted to be donating,” said Princess Lamia Bint Majed Al-Saud, secretary-general of Alwaleed Philanthropies. “We aspire to change the lives of many families in the Kingdom for the better, giving them hope for a better future,” she said.
For more than 37 years, Alwaleed Philanthropies has supported and initiated projects in over 124 countries regardless of gender, race, or religion.
The foundation collaborates with a range of philanthropic, government and educational organizations to combat poverty, empower women and youth, develop communities, provide disaster relief and create cultural understanding through education.
“Together, we can build bridges for a more compassionate, tolerant and accepting world as to what is agreed by the Board of Trustees with its current members,” the foundation said in a press release on Sunday.