Bahrain’s King orders towers construction
Manama, July 8, 2010
His Majesty King Hamad donated BD10 million ($26.5 million) to the Royal Charity Organisation (RCO) to finance the construction of two investment towers, the revenue from which will benefit orphans.
The King, who is the RCO's honorary president, also ordered kindergartens to be built for orphans across Bahrain, as part of the charity project.
RCO board of trustees' chairman Shaikh Nasser bin Hamad Al Khalifa announced the Royal donation, saying the scheme would go ahead without delay.
He praised the King's continuous care for orphans, widows and needy families to ensure them a better future and decent standard of living.
'The generous gesture reflects His Majesty's humanitarian love and care for his sons nationwide,' Shaikh Nasser.
The RCO board has studied a string of potential investment projects, under directions from the King, it was revealed at a board meeting.
'We gauged the economic feasibility of the proposed schemes to ensure substantial revenues benefiting all citizens,' said board deputy chairman Shaikh Adnan Al Qattan.
'These projects will herald a quantum leap for charity work and boost its resources.'
RCO secretary general Dr Mustafa Al Sayed outlined the scheme, describing the package as a boost for needy Bahrainis.
He stressed the crucial importance of community partnership with the private sector in promoting charity schemes. – TradeArabia News Service
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