MBRGI and Sobha Realty to Jointly Fund AED 400 million University Project in Dubai
MBRGI (Mohammed Bin Rashid Global Initiatives) and Sobha Realty have joined forces to establish a AED 400 million funded university in Dubai, showcasing their dedication to advancing education and human capital development in the region.
This partnership, which was sealed in the presence of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, and Vice Chairman of the Board of Trustees of MBRGI, along with H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance of the UAE, embodies a commitment to educational growth.
The agreement is part of the Mothers’ Endowment campaign initiated by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, aiming to establish an AED 1 billion endowment fund to support global education. This campaign highlights the vital role of education in fostering individual and community development, with a special focus on mothers.
Sobha Realty will spearhead the development of a AED 400 million funded university campus in Dubai, representing one of the UAE’s most substantial charitable contributions. Once completed, the campus will be turned over to MBRGI.
The proposed university is designed to enhance the array of higher education offerings in Dubai for both local and international students across undergraduate and postgraduate programs. By embodying international standards, it aims to attract top talent and elevate the quality of higher education in the region.
Mohammad Al Gergawi, Secretary General of the Mohammed bin Rashid Al Maktoum Global Initiatives, expressed, “The charitable grant agreement with Sobha Realty marks a significant stride towards realizing the objectives of the Mothers’ Endowment campaign. It will enable students from the UAE and the region to pursue higher education in a first-class academic setting.”
PNC Menon, Founder, and Chairman of Sobha Realty, added, “The charitable grant agreement with MBRGI underscores our commitment to collaborative efforts in executing impactful projects that benefit vulnerable populations globally. This agreement holds particular importance for Sobha Realty in alignment with the Mothers’ Endowment campaign and the Group’s support for humanitarian initiatives launched by the UAE to aid millions worldwide.”
In conclusion, this collaboration between MBRGI and Sobha Realty signifies a profound dedication to advancing education and making a positive impact on society through charitable initiatives.
