Page Image Wednesday 14 December 2016 Page ContentAL- Nimri: Magnitude of Endowments is Targeted to Reach SR 350 Billion by 2030 with Multiple Partnerships of Private Sector EnterprisesRiyadh Chamber, represented by the Endowment Committee, organized a lecture on Monday, 12 Dec. 2016 moderated by Committee Member Dr. Hasan M. Shuraim. It began with a speech by Riyadh Chamber's Board member, Chairman of Endowment Committee Mr. Abdullah AL-Ajlan, in which he confirmed the importance of the General Authority of Endowments' role in promoting the endowment sector and the Committee's keenness on boosting cooperation and integration with the Authority to upgrade this sector and serve the community. Mr. Abdullah Al-Nimri, advisor to HE Board Chairman of the General Authority of Endowments, pointed out that the Authority aims at raising the magnitude of endowment sector to SR 350 billion by 2030 so as to contribute with the non-profit sector to 5% of the GDP. Mr. Al-Nimri pointed to the keenness and concern of HE Minister of Labor and Social Development, Board Chairman of the General Authority of Endowments, Dr. Ali N. Al-Ghafis to support the Authority and its sound launch, confirming the importance of cooperation between the Authority and Endowment Committees of the Saudi Chambers. He added that the Authority's strategy confirmed cooperation with the private sector in investing and operating prospective endowment projects such as the development of Ihram places of hajj and Umrah to raise the annual number of haj pilgrims and Umra performers to 30 million by 2030 from 8 million at present.