Page 417 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )

3/19/24, 11:59 AM Sobha Realty to build endowment university in Dubai

Empowering through education

The Mothers’ Endowment campaign, launched with a commitment of Dhs1 billion, aims to honor mothers

worldwide by supporting education initiatives. Under this campaign, Sobha Realty pledges to construct a

state-of-the-art university campus in Dubai, with an investment totaling Dhs400 million. This

philanthropic endeavor stands as one of the UAE’s most substantial charitable contributions and reflects a

shared commitment to advancing education.

Elevating educational standards

Mohammad Al Gergawi, Secretary General of MBRGI, emphasized the importance of education in

fostering progress and stability. He highlighted Sheikh Mohammed bin Rashid Al Maktoum’s vision for

the endowment university to adhere to international standards, serving as a beacon of excellence in

education and research. Al Gergawi underscored the transformative potential of education in empowering

individuals and communities, aligning with the core values of the Mothers’ Endowment campaign.

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PNC Menon, Founder and Chairman of Sobha Realty, echoed this sentiment, emphasizing the company’s

dedication to impactful projects that benefit vulnerable populations globally. He expressed pride in Sobha

Realty’s role in supporting the Mothers’ Endowment campaign and affirmed the company’s commitment

to promoting charitable initiatives in alignment with the UAE’s humanitarian efforts.

Fostering sustainable impact

The establishment of the endowment university not only expands educational opportunities but also

reflects the UAE’s growing culture of endowments. The Mothers’ Endowment campaign stands as a
testament to the values of compassion, solidarity, and honouring parental contributions to education. By

providing access to quality education and vocational training, the campaign aims to uplift underprivileged

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