Page 378 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )
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3/20/24, 1:00 PM                                              Dailyhunt
        an AED 1 billion endowment fund supporting the educati


        Under the agreement, Sobha Realty will construct and develop an AED 400 million


        university campus building in Dubai over4 years, marking one of the UAE’s largest

        charity donations. The project will be handed over to MBRGI who will cooperate with a


        prestigious international university that will run the endowment university.


        With a capacity of 2,000 students, the Dubai-based endowment university aims to

        further diversify higher education options available in Dubai to domestic and


        international students in undergraduate and postgraduate programmes.


        International standards


        His Excellency Mohammad Al Gergawi, Secretary General of Mohammed bin Rashid Al

        Maktoum Global Initiatives, said the establishment of an endowment university


        according to the highest international standards in Dubai reflects the vision of His


        Highness Sheikh Mohammed bin Rashid Al Maktoum of prioritizing education as the

        core of human civilization, and the optimal path towards realizing aspirations of


        prosperity, stability and development.


        “The Mothers’ Endowment campaign, which aims to honour mothers by establishing an


        endowment fund that supports the education of millions of people across

        underprivileged communities, reflects a deep understanding of the true meaning of


        charity and humanitarian work as means to drive progress and empower impoverished

        individuals by providing them with education and the hope that they can create a better


        future,” His Excellency Al Gergawi said.


        “The charitable grant agreement signed with Sobha Realty is one step ahead towards


        achieving the main objective of the Mothers’ Endowment campaign, by allowing








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