Page 298 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )

3/29/24, 1:27 PM Sheikh Mohammed chairs MBRGI Board of Trustees meeting, announces results of its Year in Review 2023 report – The Gulf Tim…
Initiatives and accomplishments in this regard included Al Jalila Foundation’s launch of a AED 50 million
Children’s Fund, which aims to fund the treatment of 3,000 children annually at the Al Jalila Children’s

Hospital. Other projects in 2023 included the AED 46 million Oud Metha Residential Building Endowment,
the proceeds of which will go to funding medical education and research and advancing the UAE’s
healthcare sector. Nour Dubai continued to implemented its healthcare and awareness campaigns on eye

disease and blindness prevention during 2023, and helped provide treatment to 9.1 million people suffering
from Trachoma Construction work at the Magdi Yacoub Global Heart Center continued in 2023, supported

by MBRGI’s Hope Makers initiative. The Center also saw the establishment of the Sheikha Latifa bint
Hamdan Unit for Cardiac Catheterisation Surgery, which will offer free treatment to underprivileged patients
from across the Arab world.

Beneficiaries of projects and initiatives under the pillar of Spreading Education & Knowledge increased by
7.1 million people compared to 2022, amounting to 62.2 million people, while spending increased by AED 29
million to reach AED 242 million. A major focus of MBRGI as a key human right, education plays a significant

role in improving quality of life, driving economic development and preparing future generations to be
capable of creating a better future. Under this pillar, MBRGI’s Dubai Cares has successfully placed

education on top of the agenda for the Conference of the Parties to the United Nations Framework
Convention on Climate Change (COP 28), during the second RewirED Summit which attracted key officials
and focused on turning education into a key element of sustainable development. Striving to achieve the 4th

goal of the UN Sustainable Development Goals for ‘Good Education’, Dubai Cares continued to support
innovative education, as well as technical and vocational training programmes, with a special focus on the

provision of education amidst emergencies and prolonged crises. Beneficiaries of Dubai Cares projects
amounted to more than 24 million people from 60 countries by the end of 2023. The 7th Arab Reading
Challenge, which concluded in October 2023, saw the record participation of 24.8 million students from 46

countries, and continued to encourage a love of reading among students as a means to spread awareness
of its importance, promote values of tolerance and moderation, and create a new generation of creative

minds.
Other achievements included the 8th Knowledge Summit, organized by Mohammed bin Rashid Al Maktoum
Knowledge Foundation and the UN Development Programme under the theme ‘Knowledge Cities and the

5th Industrial Revolution’, and the Digital School’s expansion in 2023 to benefit over 108,000 students in 8
countries. Spending under the Innovation & Entrepreneurship pillar in 2023 amounted to AED 138 million, up

AED 10 million from 2022, and benefited 1.2 million people. Projects under this pillar aim to cement the
status and the UAE as destinations that keep up with accelerated digital transformation and help
communities make the necessary change needed for a better, sustainable future. Achievements included

the 1st Great Arab Minds edition announced its first-ever winner in a bid to support scientific and knowledge
innovations in the Arab World. Additionally, MBRGI partnered with the World Economic Forum to launch the

Food Innovation Hub UAE; an initiative aims to accelerate and expand the scope of innovations and
technologies that support sustainable food systems transformation. Other achievements in 2023 included
the launch of the revamped Mohammed bin Rashid Al Maktoum Business Award, and the 4th Mohammed

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