In a strategic move aimed at institutionalizing community work in the real estate development sector, the NHC Foundation held its first meeting, chaired by the Chairman of the Board of Trustees, Professor Mohammed Al-Batti, and attended by a select group of prominent members, at the Khuzam Destination in Riyadh. This meeting marks the cornerstone for the Foundation's launch towards broader horizons of sustainable development.
Launching towards sustainable institutional work
The meeting was attended by the following members of the Board of Trustees: Professor Yazid Al-Nafisah, Engineer Ahmed Al-Qaraawi, Professor Yasser Al-Huzaymi, Professor Abdullah Al-Mudayfir, Professor Nawaf Al-Tamiat, Professor Abdul Latif Al-Rajhi, Professor Abdullah Al-Habib, and Professor Mohammed Al-Khudair. Discussions focused on establishing the general framework for the organization's work, defining operational priorities, and reviewing governance and organizational structures to ensure the smooth operation of the organization based on a sound institutional approach that guarantees continuity and efficiency.
The context of the establishment and the Kingdom's Vision 2030
The establishment of the NHC Foundation and its inaugural meeting come at a time when the Kingdom of Saudi Arabia is undergoing major transformations within the framework of Vision 2030, particularly concerning the Quality of Life Program. The National Housing Company (NHC) plays a pivotal role in this context, extending its efforts beyond simply providing housing units to building vibrant, integrated communities. This initiative represents a practical application of corporate social responsibility, as the foundation aims to be the non-profit arm that organizes community efforts and transforms them from individual initiatives into structured, institutional work.
Strategic goals and future partnerships
The council discussed at length the foundation's objectives and its vital role in organizing and developing community efforts within NHC's urban destinations. Mechanisms for unifying social initiatives under a single umbrella to maximize impact and enhance social performance were addressed. The attendees also reviewed future plans to direct contributions toward developing vital facilities encompassing the educational, religious, health, and social sectors, reflecting the foundation's holistic approach to meeting the needs of the population.
In the context of promoting integrated work, the council explored opportunities to establish strategic partnerships with various governmental, private, and non-profit sectors, with the aim of enhancing community participation and consolidating a culture of volunteer work within residential destinations.
Executive decisions
The meeting concluded with an important decision by the Board of Trustees to appoint Engineer Ahmed Al-Qaraawi as the Secretary for the Establishment of the Foundation, so that he would lead the establishment phase and directly supervise the activation of the organizational structures, signaling the executive launch of the Foundation’s work, to be an important contributor to the social and urban development process in the Kingdom.
