Saudi Press

Saudi Arabia and the world
Friday, Aug 22, 2025

Misk Foundation services covered 490,000 beneficiaries, 170 startups in 2021

Misk Foundation services covered 490,000 beneficiaries, 170 startups in 2021

Mohammed Bin Salman Bin Abdulaziz Foundation (Misk) efforts have empowered Saudi youth and nurtured talent and creative energies. Misk services have covered 490,000 beneficiaries and 170 start-up companies, as part of the Foundation's endeavor to create a vital system that enables young Saudi talents to shape the future of the Kingdom and the world.
Misk 2021 annual report, which was published by the Foundation under the title “Extension of Impact... Empowerment of Youth” to review efforts to empower future generation leaders, entrepreneurs, and scholars, and the achievements made in this regard, showed that the empowerment and support programs launched last year stood at 79, while the number of supported startups reached 170, in addition to creating 412 job opportunities.

The Foundation executes its programs based on four tracks; Leadership, Community, Skills, and Entrepreneurship, all of which fall into three focus areas; Education and entrepreneurship, culture and arts, technology and sciences, and all of these programs are implemented under the umbrella of “Misk”, which includes, in addition to the Foundation, the Misk Art Institute, Misk Science Museum, Manga Productions, Riyadh Schools, Misk Schools, and Prince Mohammed Bin Salman Non-Profit City.

In 2021, the Foundation was able to support the establishment of startup companies with a market value of SR917 million, achieving about 30 percent of its strategic goal of establishing Saudi startups worth 3 billion by 2030, while the number of graduates from entrepreneurship support programs last year amounted to 8,000 graduates, who benefited from several programs offered by the Foundation, such as "Misk Accelerator", "Misk Startup", "World Cup for Entrepreneurship", and others.

As for Misk community-oriented programs, the Foundation was able to transfer eight non-profit youth organizations from the inception stage to the pioneer stage, achieving 53 percent of its goal to support 15 organizations by 2030. More than 30,000 participants participated in the Misk for Society program, during which they underwent about 50,000 training hours.

The "Skills" programs, which included 22 programs and events, managed to graduate 75,000 individuals who were involved in programs such as "Discover Your Path", "The First Day", "Misk the Future", and others. As for leadership programs, 68 leaders have completed undergoing training hours that were related to the "Leadership" track, from which 421 graduates have graduated.

Concerning qualitative achievements, Crown Prince Mohammed Bin Salman, founder and chairman of the Board of Directors of the Mohammed Bin Salman Foundation "Misk", announced the launch of the "Prince Mohammed Bin Salman Non-Profit City" project, which will be the first non-profit city in the world and will contribute to achieving the Foundation’s targets in supporting innovations and entrepreneurship and rehabilitations future leaders.

The city is expected to be an inspiring model for the development of the non-profit sector globally, and an incubator for many youths and volunteer groups, as well as local and international non-profit institutions.

Moreover, the Foundation also launched its updated visual identity, to be a guiding compass in establishing a communication system that consolidates its identity and its efforts to build a vital system to empower Saudi youth to shape the future of the Kingdom.

The updated visual identity came to complete the path of transformation at the communicative level by stimulating the spirit of enthusiasm among the Saudi youth spectrum, to be looking forward to growth, achievement, and leadership in various fields, and in the same endeavor, the strategy aims to inspire a new generation of young Saudi talents and enable them to play an effective role in building a better future for the Kingdom.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
Beijing is moving into gold and other assets, diversifying away from the dollar
Cristiano Ronaldo Makes Surprise Stop at New Hong Kong Museum
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
High-Stakes Trump-Putin Summit on Ukraine Underway in Alaska
Iranian Protection Offers Chinese Vehicle Shipments a Cost Advantage over Japanese and Korean Makers
Saudi Arabia accelerates renewables to curb domestic oil use
Cristiano Ronaldo and Georgina Rodríguez announce engagement
Asia-Pacific dominates world’s busiest flight routes, with South Korea’s Jeju–Seoul corridor leading global rankings
Private Welsh island with 19th-century fort listed for sale at over £3 million
Sam Altman challenges Elon Musk with plans for Neuralink rival
Australia to Recognize the State of Palestine at UN Assembly
The Collapse of the Programmer Dream: AI Experts Now the Real High-Earners
Armenia and Azerbaijan to Sign US-Brokered Framework Agreement for Nakhchivan Corridor
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Nine people have been hospitalized and dozens of salmonella cases have been reported after an outbreak of infections linked to certain brands of pistachios and pistachio-containing products, according to the Public Health Agency of Canada
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
Tariffs, AI, and the Shifting U.S. Macro Landscape: Navigating a New Economic Regime
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
China Tightens Mineral Controls, Curtailing Critical Inputs for Western Defence Contractors
OpenAI’s Bold Bet: Teaching AI to Think, Not Just Chat
BP’s Largest Oil and Gas Find in 25 Years Uncovered Offshore Brazil
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Germany’s Economic Breakdown and the Return of Militarization: From Industrial Collapse to a New Offensive Strategy
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Russia Formally Recognizes Taliban Government in Afghanistan
×