$78mln endowment building for orphans open in Makkah
The secretary-general of the Muslim World League and chairman of International Islamic Relief Organization-Saudi Arabia opens an endowment building for orphans
The secretary-general of the Muslim World League and chairman of International Islamic Relief Organization-Saudi Arabia Dr. Abdullah Al-Turki opened an endowment building for orphans at Ajyad Al-Sud on Tuesday in the presence of business leaders and philanthropists.
Ehssan Saleh Taieb, secretary-general of IIROSA, said the organization would make use of revenue from the 29-floor building to finance programs for the benefit of orphans it has sponsored inside and outside the Kingdom.
“We are carrying out educational, health and rehabilitation programs for the benefit of orphans in different parts of the world,” Taieb said after the opening ceremony.
He emphasized the importance of supporting orphans because they do not have anybody else to take care of them.
The endowment building is located 150 meters away from the Grand Mosque, the secretary-general said.
Seven floors of the building will be used for services while 22 floors with 464 rooms will be utilized as a four-star hotel, Taieb said, adding the building was constructed at a cost of SR293.11 million.
“We expect an annual revenue of more than SR50 million from the building,” the secretary-general said, while praising philanthropists who had contributed to the project.
He disclosed plans to establish six more endowment buildings in Makkah at a total cost of SR500 million to generate revenue worth more than SR100 million annually to spend on IIROSA’s various humanitarian programs around the world.
“We have decided to construct these endowment buildings in Makkah to generate the highest possible revenue in order to help the organization carry out its mission in the best form,” Taieb said, adding that these projects would enable the organization to finance its charitable activities.
Speaking about IIROSA’s programs for orphans, Taieb said: “We sponsor more than 90,000 orphaned boys and girls in 35 Asian, African and European countries in addition to children living in 10 orphanages in some countries and 15 social centers in Jordan and Sudan. “We also sponsor 19,000 orphans in other countries.”