Saudi King Salman and Crown Prince Muhammad Bin Salman, deputy premier and minister of defense, has made a contribution of SR150 million to the platform of Joodeskan, the Saudi Press Agency reported.
Joodeskan is under the supervision of the National Housing Development Association, which aims to support and help needy families in the housing sector.
The royal gesture by the Saudi king accelerates the development of new governmental, charitable and commercial entities in the Kingdom. This is done through Jood Housing platform, which is a national initiative aimed at the governance of charitable funding for housing and facilitating allotment of housing units to the needy families.
The platform also seeks to diversify housing solutions through support tracks that will allow the shareholder to determine the type of contribution, both in kind and in cash, through electronic payment channels. This will help enable and motivate society to increase the contribution of the non-profit sector to GDP, making it reach five percent by 2030.