Saudi crown prince donates SR16m to charities in Qassim

Crown Prince Mohammed bin Salman
Updated 06 October 2017
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Saudi crown prince donates SR16m to charities in Qassim

JEDDAH: Crown Prince Mohammed bin Salman has donated SR16 million ($4.27 million) from his own account to charities in the Qassim region.
This comes to complement the support provided to charities within the Prince Mohammed crown prince’s project for supporting charities in all regions of the Kingdom.
Charitable support was initiated in the Qassim region through discussions with 12 charities to identify programs offered to different segments of society and to determine the amount of support for each in proportion to the number of beneficiaries.
The total number of beneficiaries in the Qassim region reached 7,296 male and females. It included five categories: Orphans, cancer patients, young men and women who are looking to get married, family development and persons with special needs.
Charitable support from the crown prince under the project, began in the Riyadh region with SR23 million. It met the requirements of 11,680 beneficiaries through 14 charities.
The second stage of the charitable support was in the Makkah region with a donation of SR15 from Prince Mohammed bin Salman, and included 14,914 beneficiaries through 10 charities.
The Eastern Province also received charitable support amounting to SR16 million. It met the needs of more than 41,000 beneficiaries through 10 charities.


Spotlight on Qassim as Saudi business hub

Minister of Commerce and Investment Majid bin Abdullah Al-Qasabi. (SPA)
Updated 25 April 2018
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Spotlight on Qassim as Saudi business hub

  • Qassim has the potential to become one of the Saudi Arabia's leading economic hubs: commerce minister
  • Al-Qasabi urged stakeholders to identify the issues that needed to be addressed to ensure Qassim’s economic transformation

JEDDAH: Saudi Arabia’s central Qassim region had the potential to become one of the Kingdom’s leading economic hubs, Minister of Commerce and Investment Majid bin Abdullah Al-Qasabi told a meeting of business leaders in Buraidah on Monday.
The meeting at the King Fahd Cultural Center was organized by the Committee for the Development of Investment in Qassim and the region’s chambers of commerce in conjunction with the Biban Al-Qassim Forum.
Al-Qasabi urged stakeholders to identify the issues that needed to be addressed to ensure Qassim’s economic transformation, saying that small and medium-sized businesses held the key to growth in the region.
“Today’s reality is based on the culture of keeping up with the latest developments, accountability and evaluation,” he said. 
“The ministry has a clear vision and strategy, as well as a large number of investment-targeted programs and initiatives that aim to facilitate and improve the business environment and help the Kingdom become one of the world’s top 10 economies.”
Vision 2030 has opened new horizons for innovative projects that will create thousands of jobs.
The chairperson of the Chamber of Commerce and Industry in Qassim, Abdul Aziz Al-Hameed, said the private sector needed more reassurances to take chances and invest in large projects. The secretary-general of the Chamber of Commerce and Industry in Qassim, Saud bin Abdul Karim Al-Fadda, said the meeting aimed to encourage businessmen and entrepreneurs to develop their projects and achieve their ambitions to build a prosperous economy.
The secretary of the Committee for the Development of Investment in Qassim, Yusuf bin Abdullah Al-Arini, said the region was home to 313 factories with a capital of SR14 billion ($3.7 billion). The region’s competitive advantages included its location, motivational work environment, transport network, industrial and commercial cities and free services provided by the Chamber of Commerce and Industry.