The Diriyah Gate Development Authority has signed a memorandum of understanding with the Social Development Bank to achieve social development and community services for the people of Diriyah, as well as promote cooperation in charity work.
Diriyah Gate CEO Jerry Inzerillo said that the agreement covers several initiatives and projects aiming to empower the Diriyah community through the SDB — the leading authority in enabling social development tools in the Kingdom.
He said that the agreement will cover the activation of date souqs, hospitality programs, scouts and community ambassadors, as well as two markets for Diriyah farmers and the wider community. The deal also involves training programs that enable Saudi youth to develop their businesses.
SDB CEO Ibrahim Al-Rashid said that the deal will promote sharing, exchanging and cooperating in research to achieve common objectives. The SDB is seeking to support Diriyah entrepreneurs through a package of initiatives, programs and projects, he added.
The agreement comes within measures developed by the DGDA to develop a community through an integrated ecosystem of environmental, economic and social programs that promote sustainable development.
The SDB is also seeking to build sustainable programs to develop local communities and provide support for the nonprofit sector. It has launched 12 incubator programs to serve entrepreneurs and microbusinesses across several industries.
The Diriyah community looks to highlight the heritage and history of the ancient city, including its architecture, culture and art.