Alwaleed Philanthropies allocates $30m to fight Covid-19

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Prince Alwaleed Bin Talal has made a number of his assets in Saudi Arabia available to combat Covid-19, and helped repatriate hundreds of students to Lebanon

Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud’s Alwaleed Philanthropies has allocated $30m to a number of initiatives working to battle the Covid-19 pandemic, it has announced.

The $30m in funds includes a significant allocation towards initiatives such as UN-Habitat to improve water, sanitation and hygiene in vulnerable communities and to establish shelters and fix damaged houses to address overcrowding and enable social distancing in disadvantaged neighbourhoods.

The allocation of funds comes to after Prince Alwaleed made available a number of his assets – including the Four Seasons Hotel, Kingdom Schools and Banque Saudi Fransi – to help Saudi Arabia combat Covid-19.

Additionally, Alwaleed Philanthropies (Lebanon) helped repatriate hundreds of Lebanese students back from France, Italy and Spain.

“In these times of unprecedented crisis it is more important than ever that we pull our resources together in the battle against Covid-19,” Prince Alwaleed said.

“With many developed nations struggling to cope with the Covid-19 pandemic, we must spare a thought for the developing countries of Africa and the less fortunate countries in the Middle East,” he added.

The statement added that Alwaleed Philanthropies will be working with Gates Philanthropy Partners to fund a number of health projects to accelerate the development of therapeutics and delivery of diagnostics to protect vulnerable populations in Africa.

This article was first published in Arabian Business

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