Mohammed Bin Salman Nonprofit City ( Arabic : مدينة محمد بن سلمان غير الربحية ) or for short (MISK City) or (MBS City), is a 840-acre planned real estate development in the Irqah neighborhood of northwestern Riyadh , Saudi Arabia , located in close proximity to the Wadi Hanifa . Announced in November 2021 by the MiSK Foundation , it is named after Saudi crown prince Mohammed bin Salman and is slated to be the world's first 'non-profit city'. It will include academic institutions, a conference center, a science museum, a creative center and art gallery and an integrated residential complex.
7-662: Mohammed Bin Salman Nonprofit City was first unveiled by MiSK Foundation in November 2021 as the world's first planned nonprofit city. Its details of the masterplan were released by MiSK Foundation in March 2022. In April 2022, Saudi-based Manga Productions announced moving its main offices to the district and David Henry was appointed as the chief executive officer for Mohammed Bin Salman Nonprofit City. In June 2022, an Australian architectural firm, Conrad Gargett ,
14-469: A memorandum of understanding with the country's Ministry of Culture's Fashion Commission to empower the nation's fashion and lifestyle sector. On 20 May 2023, Sara bint Mashour , MBS's wife, officially launched Ilmi technology and science centre. The project is expected to be inaugurated by 2025. A $ 478 million contract was awarded to Dubai -based Alec Engineering and Contracting with AtkinsRéalis and WSP as project consultants. The contract includes
21-699: Is a non-profit foundation established by Saudi crown prince Mohammed bin Salman in 2011. Created in 2011, the MiSK foundation was initiated by Mohammad bin Salman , then advisor to the Governor of Riyadh . The name of the Foundation comes from "misk" (" musk " in English); the perfume is a symbol of generosity and benevolence. The Foundation's work is focused on education , culture and media . In 2017,
28-730: The Foundation became a "member company" of the MIT Media Lab consortium. The MiSK Art Institute, launched in 2017, is the artistic branch of the MiSK Foundation. MiSK led the Saudi pavilion at the 2019 Venice Biennale, organizing an exhibition by the Jeddah -based Saudi artist Zahrah Al Ghamdi . In November 2018, a month after the murder of journalist Jamal Khashoggi , the Bill & Melinda Gates Foundation pulled funding from
35-801: The construction of a 27,000 m educational centre. In April 2024, Bill & Melinda Gates Foundation announced the opening of its first regional office in partnership with Misk Foundation in Mohammed Bin Salman Nonprofit City. The announcement was made during the World Economic Forum special meeting held in Riyadh, Saudi Arabia. MiSK Foundation Misk Foundation (stylized MiSK Foundation ; Arabic : مؤسسة مسك ), also known as Mohammed Bin Salman Foundation ( Arabic : مؤسسة محمد بن سلمان ),
42-692: The foundation. In 2017, the Gates Foundation had committed $ 5 million to MiSK. “Jamal Khashoggi’s abduction and murder are extremely troubling,” said the Gates Foundation in a statement. In April 2022, MiSK Foundation acquired 96% ownership of the Japanese video game company SNK . In April 2024, Bill & Melinda Gates Foundation announced the opening of its first regional office in partnership with Misk in Mohammed Bin Salman Nonprofit City . The announcement
49-485: Was awarded the contract to design the new headquarters for MiSK Foundation that will be located in the area. In July 2022, Prince Mohammed Bin Salman Nonprofit City announced the establishment of al-Mishraq commercial residential central zone. In August 2022, Prince Mohammed Bin Salman Nonprofit City signed an agreement with the Saudi-based muvi Cinemas to open a cinema hall al-Mishraq. In September 2022, it signed
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