Saudi Press

Saudi Arabia and the world
Sunday, Jun 01, 2025

Saudi NCNP to establish social business accelerators

Saudi NCNP to establish social business accelerators

Saudi Arabia’s National Center for the Non-Profit Sector is seeking to invest in young talent by encouraging social innovation.
“We seek, in partnership with nonprofit sector organizations, to establish and activate social business incubators and accelerators in all regions of the Kingdom,” Ahmed Al-Suwailem, the center’s CEO, told Arab News.

“Investing in young national competencies has several aspects, including attracting young competencies to fund their nonprofit organizations, volunteering their time, knowledge and experience, donating their money, or joining nonprofit organizations, all of which contribute to community development and youth service,” he added.

Al-Suwailem said that the center is working to invest in youth competencies by encouraging social innovation.

The third edition of the Youth Organizations Forum will be held Riyadh on Feb. 18, 2023 under the theme “Empowering Youth Organizations ... Developing Policies and Fostering Innovation.”

Young people, who make up 70 percent of the Saudi population, “are our best bet in rooting the culture of nonprofit business in society, and they will help us achieve what we aspire to serve our Kingdom,” he said.

The Saudi government is paying special attention to youth, Al-Suwailem said.

He added that Crown Prince Mohammed bin Salman also paid special attention to the nonprofit sector by including it among the Kingdom’s Vision 2030 targets.

Al-Suwailem cited the Mohammed bin Salman Foundation (Misk) as an example, which directs its work in the service of young people, assists in the rehabilitation of national leaders, and encourages them to establish nonprofit youth organizations.

In addition, the establishment of Prince Mohammed bin Salman Non-Profit City, the first development of its kind in the world, contributes to supporting the nonprofit sector as a home of creativity and incubator of young talent.

Al-Suwailem said that young national competencies have the necessary energy and skills to develop the nonprofit sector, harnessing it to achieve national targets.

He hopes to see more youth in the sector and its organizations.

“The nonprofit sector is a privileged place for the career path of young people, who make up the largest proportion of workers and beneficiaries of the sector.”

Al-Suwailem said that the nonprofit sector is a major contributor to reaching a target of 1 million volunteers by 2030.

“We look forward to having a diversity of volunteer contributions, volunteering in councils and departments, professional, skillful, or general volunteering in its multiple fields. We have seen the number of volunteers reach 658,000 with an economic return in the Kingdom in 2022 of over SR923 million ($246 million),” he said.

The nonprofit sector’s importance lies in the fact that it constitutes a system of civil activities, voluntary services, and nongovernmental organizations that are not intended for profit. The revenues remain in the establishment and increase its growth, development and quality of its services, or go to members of society, he said.

Al-Suwailem said that the sector is one of the pillars of development in partnership with the public and private sectors so that they all work in supporting the national development process.

“It gains importance from the targets planned to be achieved within Vision 2030. The nonprofit sector is responsible for contributing 5 percent to gross domestic product by 2030,” he said.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
European and Arab Ministers Convene in Madrid to Address Gaza Conflict
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
UAE Offers Free ChatGPT Plus Subscriptions to Citizens
Lebanon Initiates Plan to Disarm Palestinian Factions
Iran and U.S. Make Limited Progress in Nuclear Talks
The Daily Debate: The Fall of the Dollar — Strategic Reset or Economic Self-Destruction?
Trump Administration's Tariff Policies and Dollar Strategy Spark Global Economic Debate
OpenAI Acquires Jony Ive’s Startup for $6.5 Billion to Build a Revolutionary “Third Core Device”
Turkey Weighs Citizens in Public as Erdoğan Launches National Slimming Campaign
Saudi-Spanish Business Forum Commences in Riyadh
Saudi Arabia and Spain Sign MoU to Boost SME Sectors
UK Suspends Trade Talks with Israel Amid Gaza Offensive
Iran and U.S. Set for Fifth Round of Nuclear Talks Amid Rising Tensions
Russia Expands Military Presence Near Finland Amid Rising Tensions
Indian Scholar Arrested in Crackdown Over Pakistan Conflict Commentary
Israel Eases Gaza Blockade Amid Internal Dispute Over Military Strategy
President Biden’s announcement of advanced prostate cancer sparked public sympathy—but behind closed doors, Democrats are in panic
A Chinese company made solar tiles that look way nicer than regular panels!
Indian jet shootdown: the all-robot legion behind China’s PL-15E missiles
The Chinese Dragon: The True Winner in the India-Pakistan Clash
Australia's Venomous Creatures Contribute to Life-Saving Antivenom Programme
The Spanish Were Right: Long Working Hours Harm Brain Function
Did Former FBI Director Call for Violence Against Trump? Instagram Post Sparks Uproar
US and UAE Partner to Develop Massive AI Data Center Complex
Apple's $95 Million Siri Settlement: Eligible Users Have Until July 2 to File Claims
US and UAE Reach Preliminary Agreement on Nvidia AI Chip Imports
President Trump and Elon Musk Welcomed by Emir of Qatar Sheikh Tamim with Cybertruck Convoy
Strong Warning Issued: Do Not Use General Chatbots for Medical, Legal, or Educational Guidance
Saudi Arabia Emerges as Global Tech Magnet with U.S. Backing and Trump’s Visit
This was President's departure from Saudi Arabia. The Crown Prince personally escorted him back to the airport.
NVIDIA and Saudi Arabia Launch Strategic Partnership to Establish AI Centers
Trump Meets Syrian President Ahmad al-Shara in Historic Encounter
Trump takes a blow torch to the neocons and interventionists while speaking to the Saudis
US and Saudi Arabia Sign Landmark Agreements Across Multiple Sectors
Why Saudi Arabia Rolled Out a Purple Carpet for Donald Trump Instead of Red
Elon Musk Joins Trump Meeting in Saudi Arabia
Trump says it would be 'stupid' not to accept gift of Qatari plane
Quantum Computing Threatens Bitcoin Security
Michael Jordan to Serve as Analyst for NBA Games
×