The Mohammed bin Salman Foundation, also known as Misk, has revealed details of the masterplan for a non-profit city project in Saudi Arabia, the first of its kind in the world.
Aerial photos illustrate the boundaries of Prince Mohammed Bin Salman Nonprofit City which will occupy an area of approximately 3.4 square kilometres in western Riyadh.
The area, allocated by the Saudi Crown Prince, has been developed financially under his patronage since the early days of its inception, a statement said.
Commercial areas in the project are estimated to cover more than 306,000 sq m, with an estimated workforce to reach approximately 20,000.
Around 99,000 sq m have been allocated for retail, entertainment and food and beverage outlets.
The masterplan also includes residential areas with 500 villas and townhouses, as well as 6,000 apartments.
The Crown Prince said: “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.”
He added: “Prince Mohammed Bin Salman Non Profit City will host academies, colleges, Misk schools, a conference centre, a science museum, a creative centre offering a space to support the ambitions of innovators in sciences and new generation technology such as AI, IOT and robotics.
“It will also feature an arts academy and arts gallery, performing art theatre, play area, cooking academy and integrated residential complex.”
Over 44 percent of the project’s total area will be dedicated to open green spaces.
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