Page 382 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )
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3/20/24, 1:00 PM   Mohammed bin Rashid Al Maktoum Global Initiatives, Sobha Realty signed a charitable grant agreement to establish an AED 400 …
        establishing an AED 1 billion endowment fund supporting the education of

        millions around the world.




        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






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