Home Real Estate Sobha Realty, MBRGI team up for Dhs400 million endowment university in Dubai

Sobha Realty, MBRGI team up for Dhs400 million endowment university in Dubai

by Staff Reporter
Sobha Realty, MBRGI team up for Dhs400 million endowment university in Dubai

In a momentous event attended by esteemed dignitaries including Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum and Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Sobha Realty and the Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI) inked a significant agreement.

This agreement marks a pivotal step towards the establishment of an endowment university in Dubai, as part of the visionary Mothers’ Endowment campaign spearheaded by His Highness Sheikh Mohammed bin Rashid Al Maktoum.

Empowering through education

The Mothers’ Endowment campaign, launched with a commitment of Dhs1 billion, aims to honor mothers worldwide by supporting education initiatives. Under this campaign, Sobha Realty pledges to construct a state-of-the-art university campus in Dubai, with an investment totaling Dhs400 million. This philanthropic endeavor stands as one of the UAE’s most substantial charitable contributions and reflects a shared commitment to advancing education.

Elevating educational standards

Mohammad Al Gergawi, Secretary General of MBRGI, emphasized the importance of education in fostering progress and stability. He highlighted Sheikh Mohammed bin Rashid Al Maktoum’s vision for the endowment university to adhere to international standards, serving as a beacon of excellence in education and research. Al Gergawi underscored the transformative potential of education in empowering individuals and communities, aligning with the core values of the Mothers’ Endowment campaign.

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PNC Menon, Founder and Chairman of Sobha Realty, echoed this sentiment, emphasizing the company’s dedication to impactful projects that benefit vulnerable populations globally. He expressed pride in Sobha Realty’s role in supporting the Mothers’ Endowment campaign and affirmed the company’s commitment to promoting charitable initiatives in alignment with the UAE’s humanitarian efforts.

Fostering sustainable impact

The establishment of the endowment university not only expands educational opportunities but also reflects the UAE’s growing culture of endowments. The Mothers’ Endowment campaign stands as a testament to the values of compassion, solidarity, and honouring parental contributions to education. By providing access to quality education and vocational training, the campaign aims to uplift underprivileged individuals, equipping them with the skills necessary for success in the job market and fostering sustainable development within their communities.

The collaboration between Sobha Realty and MBRGI represents a significant stride towards realizing Sheikh Mohammed bin Rashid Al Maktoum’s vision of empowering through education. Through the establishment of the endowment university, the UAE reaffirms its commitment to nurturing talent, fostering innovation, and building a brighter future for generations to come.

tanvir@dubainewsweek.com

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