Title: Minister of Municipal and Housing Affairs Commends Crown Prince for Support of Housing Initiatives
In a recent gathering of the Board of Trustees of the Community Housing Development Foundation (Sakan) in Riyadh, Minister of Municipal and Housing Affairs, Mr. Majid bin Abdullah Al-Hoqail, expressed deep gratitude on behalf of the board to His Royal Highness Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud. The Crown Prince’s generous donation from his private funds aims to bolster developmental housing programs targeted at deserving families across various regions of the Kingdom.
This commendable act exemplifies the Crown Prince’s unwavering commitment to supporting national initiatives aimed at improving citizens’ quality of life and meeting their housing needs. Such efforts align with the overarching objectives of Saudi Arabia’s Vision 2030, which emphasizes the provision of essential living conditions for all citizens.
The remarks were made during the eleventh meeting of the Board of Trustees of the Sakan Foundation, presided over by Mr. Al-Hoqail and attended by esteemed members of the council. The agenda included several key topics that were thoroughly discussed.
Mr. Abdulaziz bin Saleh Al-Khudair, the Secretary-General of the Sakan Foundation, presented an overview of the agenda, which comprised various focal points that led to pertinent decisions and recommendations by the council. During the meeting, the interim financial statements for the third quarter of 2024 were approved, along with the annual financial reports for the same year. Furthermore, the establishment of a Shariah committee for the foundation was ratified.
The Board also expressed appreciation for the executive team of the Sakan Foundation, acknowledging their significant accomplishments that highlight the organization’s maturity and developmental progress. Members conveyed their pride in the institution’s substantial growth and remarkable achievements throughout the current year.
It’s important to note that the Community Housing Development Foundation, or Sakan, operates as a non-profit entity dedicated to enhancing charitable giving and community involvement through innovative initiatives. Among its notable programs are the "Jood Housing" initiative and the "Center for Housing Innovation Solutions." The foundation aspires to lead and empower the non-profit sector within the housing realm, ensuring sustainable housing solutions are provided to the most vulnerable segments of society.
The impact of such initiatives cannot be overstated; they play a crucial role in addressing the housing needs of low-income families, thereby contributing to societal stability and cohesion. By fostering community participation and innovative approaches, the Sakan Foundation is helping to transform the housing landscape in the Kingdom.
In conclusion, the Crown Prince’s generosity represents not just a financial contribution but a significant endorsement of efforts aimed at uplifting communities through sustainable housing solutions. The ministerial acknowledgment further underscores the importance of collaborative efforts in realizing the goals set forth in Vision 2030, reinforcing the Kingdom’s commitment to social responsibility and the enhancement of living conditions for all citizens. The progress achieved so far serves as a testament to the effectiveness of the initiatives spearheaded by the Sakan Foundation, underscoring the potential for further development in the sector.
