Page 406 - SOBHA REALTY QUARTERLY PR REPORT - JANUARY-MARCH 2024 (ENGLISH )

Mohammad Al Gergawi, Secretary General of the Mohammed bin Rashid
Al Maktoum Global Initiatives, said the establishment of an endowment
university in Dubai that meets the highest international standards in
education and research reflects Highness Sheikh Mohammed bin Rashid
Al Maktoum’s belief in the role education plays in advancing human
civilization and achieving 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 profound
understanding of the true meaning of charity and humanitarian work as
catalysts for progress and empowerment. By providing impoverished
individuals with high quality education, the initiative provides them with
the hope and means to create a better future,” Al Gergawi 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,” he added.
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.”
“We are excited to be one of the contributors to the Mothers’ Endowment
campaign, and the entity responsible for developing the campus building
of the endowment university in Dubai. We strongly believe that investing
in the endowment university will reap huge benefits in the future, both
locally and regionally, positively impacting development efforts while
reinforcing Dubai’s status as a global destination, and an incubator of
knowledge,” he added.
Strong culture of endowments
The endowment university, which aims to provide thousands of students
with education opportunities, demonstrates the maturation and evolution
of the UAE’s culture of endowments.
The Mothers’ Endowment campaign, launched by Sheikh Mohammed bin
Rashid Al Maktoum on March 4, and organised by the Mohammed bin
Rashid Al Maktoum Global Initiatives, allows contributors to honour their
mothers by donating on their behalf. It aims to provide education and
vocational training to underprivileged individuals by supporting education
across all levels and vocational tracks, giving them a chance to improve
their quality of life, build their capabilities and equip themselves with the
skills needed to succeed the job market, which will ultimately support
development in their communities.

https://www.khaleejtimes.com/uae/education/dubai-dh400-million-endowment-university-to-
offer-diverse-higher-education-options