Page 349 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )

It reflects the shared vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, MBRGI, and
Sobha Realty to leverage education as a catalyst for positive change and sustainable development.

Sobha Realty will develop a AED400 million funded university campus building in Dubai. The
contribution represents one of the UAE’s largest charity donations. Once the project is completed, it
will be handed over to MBRGI.

The proposed endowment university aims to further diversify higher education options available in
Dubai to domestic and international students in undergraduate and postgraduate programmes.

By prioritising these factors, it can aspire to meet and exceed international standards, thereby
attracting top talent and contributing to the advancement of higher education in the region.

Mohammad Al Gergawi, Secretary General of the Mohammed bin Rashid Al Maktoum Global
Initiatives, said: “The charitable grant agreement signed with Sobha Realty is another significant step
towards achieving the goals of the Mothers’ Endowment campaign. It will enable thousands of
students from the UAE and the region to enroll and finish their higher education within an exemplary
educational environment,”

PNC Menon, Founder and Chairman of Sobha Realty, said: “The charitable grant agreement signed
with MBRGI is part of our efforts to promote collaboration to implement impactful projects that
benefit vulnerable populations across many countries. This agreement is particularly important to
Sobha Realty due to its association with the Mothers’ Endowment campaign, as well as the Group’s
keenness to support charity and humanitarian initiatives launched by the UAE to help millions around
the world.”

https://campaignme.com/dubai-and-sobha-realty-sign-aed400m-deal-for-new-university/