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