The Diriyah Gate Development Authority (DGDA) and the Social Development Bank (SDB) have signed a Memorandum of Understanding to achieve social development and community services for the residents of Diriyah. This agreement covers several initiatives that the SDB will carry out, the Kingdom’s principal authority for facilitating social development.
Date souqs, hospitality programs, scouts and community ambassadors, plus two markets for Diriyah farmers and the greater community, are among the initiatives. The agreement also includes training initiatives to help Saudi youth grow their enterprises.
It has launched 12 incubator programs to help entrepreneurs and small businesses
According to SDB CEO Ibrahim Al-Rashid, the agreement will encourage sharing, exchanging, and cooperating in research to achieve common goals. In addition, he stated that the SDB is attempting to assist Diriyah entrepreneurs through a variety of initiatives, programs, and projects.
The agreement is part of the DGDA’s plan to establish a community through an integrated ecosystem of environmental, economic, and social activities that encourage long-term sustainability.
The agreement will encourage sharing, exchanging, and cooperating in research to achieve common goals
The SDB also wants to create long-term projects to help local communities grow and support non-profit organisations. It has launched 12 incubator programs to help entrepreneurs and small businesses in a variety of industries.
The Diriyah community aims to promote the ancient city’s legacy and history, including its architecture, culture, and art.