Page 400 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )
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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 education and the hope that they can create a better
               future,” His Excellency Al Gergawi said.

               “The charitable grant agreement signed with Sobha Realty is one step ahead towards
               achieving the main objective of the Mothers’ Endowment campaign, by allowing

               thousands of students from the UAE and the region to enroll and finish their higher
               education within a model educational environment,” he added.

               PNC Menon, Founder and Chairman of Sobha Realty, said: “The charitable grant
               agreement signed with MBRGI is part of our 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 Mohammed bin Rashid

               Al Maktoum Global Initiatives, as we are keen to support charity and humanitarian
               initiatives launched by the UAE to help millions around the world.”




               https://pioneernews.co.in/mohammed-bin-rashid-al-maktoum-global-initiatives-sobha-realty-
               signed-a-charitable-grant-agreement-to-establish-an-aed-400-million-endowment-university-in-
               dubai-marking-one-of-the-uaes-larg/
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