We work with our partners to allocate annually 1000 Housing Units and 1000 Cars for Beneficiaries in KSA
Highlights
Duration
2021-2027 Renewable for a similar period of time
Location
Kingdom of Saudi Arabia
Total Beneficiaries for Housing and Cars Projects
123,000 human
Housing Project Beneficiaries
73,000 human
Car Project Beneficiaries
50,000 human
In partnership with
A Visionary Partnership for Sustainable Development
In alignment with Saudi Arabia's Vision 2030, Alwaleed Philanthropies, along with the Ministry of Municipal and Rural Affairs and a specialized institution in developmental housing, has embarked on an ambitious endeavour to address the housing needs of vulnerable families. The partnership aims to provide suitable housing support and reliable transportation, empowering individuals and fostering sustainable development across the Kingdom for the neediest families who meet residential support controls and beneficiary selection criteria and requirements.
This partnership is a continuation of The Housing and Cars project that Alwaleed Philanthropies has been working on for ten years, from 2015 to 2021, with the goal of enhancing the quality of life for people in need in the Kingdom.
Aims and Duration of the Projects
The housing and car projects are driven by specific objectives. They seek to improve citizens' standard of living, reduce housing and mobility costs, increase ownership and empowerment, and create opportunities for mobility and development. These initiatives will span five years, from 2021 to 2027 “might be renewable for a similar period of time”, with a goal of delivering 10,000 housing units and 10,000 cars to families in need.
Strong Partnerships for Success
The housing project thrives on strong collaborations, bringing together Alwaleed Philanthropies, the Ministry of Municipal and Rural Affairs, and Sakan Organization. This partnership is dedicated to positively impacting the lives of beneficiaries and promoting sustainable development. Similarly, the car project has found support through partnerships with Changan Almajdouie, ensuring efficient provision of cars and empowering beneficiaries.
Achievements and Future Milestones to support families in need
During 2023, the projects had achieved significant milestones. The housing project delivered 1,000 units, benefiting nearly 36,000 people. Additionally, 500 cars were distributed in two batches.
Housing and Cars Accomplishments since the beginning of the project
Since the project's inception, an impressive 123,000 individuals and families have benefited, with 73,000 receiving housing support and 50,000 gaining access to vehicles. This initiative is a testament to the power of collaboration and a shared vision for a better future.
A total of 123,000 individuals and families greatly benefited from these projects. The housing project alone assisted 73,000 people by providing suitable accommodation, effectively improving their living conditions. Regarding the car project, 50,000 individuals benefited from the provided vehicles, facilitating their independent and convenient transportation.
These projects are part of concerted and integrated efforts in alignment with Saudi Arabia's Vision 2030, aimed at sustainable development and improving the quality of life for citizens. Due to these efforts, infrastructure has been strengthened and essential services have been provided to communities, enhancing their overall well-being.
