Restoration and Development Association establishes 9 companies and targets 50 projects
announced The Tarmeem Development Association a pioneering strategic step: launching the construction phase to establish nine sustainable non-profit companies. This is a key outcome of the "Serge" program. In addition, the association expressed its readiness to receive 50 new investment projects as part of the latest "Tahqiq" (Verify) cohort. These ambitious steps aim to strengthen community investment, achieve financial sustainability, and accelerate the transformation towards comprehensive empowerment within the non-profit sector, aligning with future trends to maximize developmental and social impact.
Strategic transformation of the non-profit sector in Vision 2030
This announcement comes at a significant historical and developmental juncture for the Kingdom of Saudi Arabia, where the third (non-profit) sector is undergoing radical transformations in line with the objectives of Saudi Vision 2030. Historically, charitable efforts have relied primarily on patronage and the provision of direct aid. However, the ambitious Vision has shifted the focus towards sustainability and empowerment, aiming to increase the non-profit sector's contribution to the GDP. Within this framework, the initiatives of development associations stand out as a cornerstone for transforming families and individuals from recipients of support into productive and active contributors to the national economy.
A sustainability portfolio and billion-dollar revenues led by the Restoration for Development Association
explained The Tarmeem Development Association that these impactful initiatives fall within its long-term strategic objectives to build an investment portfolio comprising 50 non-profit companies over the next five years. This integrated system is expected to create more than 500 job opportunities for Saudi nationals and serve approximately 200,000 beneficiaries. The association also aims to achieve revenues of nearly 96 million Saudi Riyals, with a compound growth rate exceeding 24%. The association's corporate sustainability strategy focuses on three main pillars: Watar Al-Emara Company, the Ghiras Endowment, and the Surge Program, all of which serve as effective development tools to diversify financial resources and ensure their continuity.
Developmental dimensions and wide-ranging impacts locally and regionally
The importance of these projects extends beyond the local level in the Makkah region; their anticipated impact will serve as a model to be emulated at the national and regional levels. Locally, these companies will contribute to improving the quality of life and providing suitable housing and job opportunities for the region's residents. Nationally, the success of these investment models will enhance the confidence of donors and investors in the Saudi non-profit sector. Internationally, these efforts directly align with the United Nations Sustainable Development Goals, particularly those related to eradicating poverty, providing decent work, and forging partnerships to achieve the goals, thus highlighting the Kingdom's role as a regional leader in sustainable development.
From Pastoral Care to Empowerment: A Promising Vision for the Future
During a recent celebratory event attended by a select group of partners and supporters, the association reviewed the progress of the "Serge" program since its inception, emphasizing that 2026 will mark a phase of expansion and maturity in building a community investment ecosystem. The program aims to bring about a radical shift from traditional welfare models to developmental models based on empowerment and sustainability, ensuring the establishment of sustainable non-profit entities with a long-term impact on the quality of life of beneficiaries.
Valuing strategic partnerships to ensure the sustainability of the impact
For his part, the CEO of the association, Dr. Abdullah Al-Darbah, expressed his appreciation for the significant and ongoing support from government agencies, companies, and donors. He affirmed that the achievements to date represent a confident and practical step towards building a sustainable community investment system. The association emphasized its commitment to continuing to expand its initiatives and strengthen its strategic partnerships with the public and private sectors, contributing to a sustainable developmental impact and enhancing institutional performance to serve the best interests of beneficiaries in the Makkah region and meet their future aspirations.
