MBRGI (Mohammed Bin Rashid Global Initiatives) and Sobha Realty has signed an agreement to establish a AED 400 million funded university in Dubai.
This collaboration indicates a commitment to advancing education and human capital development in the region.
The agreement was signed 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 the Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI) and 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.
The agreement forms part of the Mothers’ Endowment campaign, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to honour mothers by establishing an AED1 billion endowment fund to support the education of millions around the world.
The campaign recognises the importance of education in helping individuals and communities, with a special emphasis on mothers.
It reflects the shared vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, MBRGI, and Sobha Realty to leverage education as a catalyst for positive change and sustainable development.
Sobha Realty will develop a AED400 million funded university campus building in Dubai. The contribution represents one of the UAE’s largest charity donations. Once the project is completed, it will be handed over to MBRGI.
The proposed endowment university aims to further diversify higher education options available in Dubai to domestic and international students in undergraduate and postgraduate programmes.
By prioritising these factors, it can aspire to meet and exceed international standards, thereby attracting top talent and contributing to the advancement of higher education in the region.
Mohammad Al Gergawi, Secretary General of the Mohammed bin Rashid Al Maktoum Global Initiatives, 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,”
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.”
