Page 382 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )

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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