RIYADH,
Saudi Arabia, April 29,
2024 /PRNewswire/ -- The Mohammed Bin Salman
Foundation "Misk" has entered into a framework agreement with the
Bill & Melinda Gates Foundation to support and enhance youth
engagement in the non-profit sector within the Kingdom, and to
initiate joint global programs in the focus areas of both
foundations. The strategic partnership was unveiled on the
sidelines of the World Economic Forum Special Meeting in
Riyadh, where it was also revealed
that the Gates Foundation will establish its first regional
headquarters within Mohammed Bin Salman Nonprofit City, 'Misk
City', in Riyadh.
The agreement, signed on behalf of Misk by CEO Dr. Badr Al Badr, and for the Bill & Melinda
Gates Foundation by Mr. Joe Cerrell,
Managing Director, Europe,
Middle East, and East Asia, sets forth a collaborative
framework designed to empower the Saudi youth community and foster
an environment conducive to impactful global outcomes. The
partnership will enhance the sharing of resources, training
opportunities, and program development, substantially boosting
Misk's capacity to provide significant empowerment opportunities
for youth. "To support the implementation of the programs announced
today, the Bill & Melinda Gates Foundation will establish its
first office in the region within Mohammed Bin Salman Nonprofit
City. We are committed to partnering with the Misk Foundation to
enhance youth engagement and the effectiveness of the third
sector," announced Mr. Joe Cerrell,
Managing Director, Europe,
Middle East, and East Asia at the Gates Foundation during
WEF.
The agreement will enable Misk to benefit from the Gates
Foundation's expertise in education, technology, and health sectors
to amplify its pivotal role in providing high-caliber empowerment
opportunities for the Kingdom's youth in the non-profit sector.
Additionally, the agreement will allow the Gates Foundation to
expand its geographic footprint and leverage Misk's expertise in
the non-profit and youth empowerment sectors, along with the
advanced infrastructure and exceptional service network of Mohammed
Bin Salman Non-Profit City.
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SOURCE Mohammed bin Salman Foundation "MISK"