Page 396 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )
P. 396

3/20/24, 1:02 PM   Mohammed bin Rashid Al Maktoum Global Initiatives, Sobha Realty signed a charitable grant agreement to establish an AED 400 …
           Realty signed a charitable grant agreement for the establishment of an

           endowment university in Dubai, as part of the Mothers’ Endowment

           campaign, launched by His Highness Sheikh Mohammed bin Rashid Al

           Maktoum, Vice President and Prime Minister of the UAE and Ruler of

           Dubai, to honour mothers by 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




      https://hindustansaga.com/mohammed-bin-rashid-al-maktoum-global-initiatives-sobha-realty-signed-a-charitable-grant-agreement-to-establish-an-aed…  3/5
   391   392   393   394   395   396   397   398   399   400   401