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 Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI), MBRGI and Sobha Realty signed a charitable grant agreement for the establishment of an endowment university in Dubai, as part of the Mothers’ Endowment campaign, launched by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to honor mothers by establishing a AED 1 billion endowment fund supporting the education of millions around the world.

Pursuant to the agreement, Sobha Realty will construct and develop a AED 400 million university campus building in Dubai, marking one of the UAE’s largest charity donations. The project will then 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.

International standards

HE Mohammad Al Gergawi, Secretary General of Mohammed bin Rashid Al Maktoum Global Initiatives, said the establishment of an endowment university in Dubai according to the highest international standards in educational tools and research methodologies, reflects the vision of HH Sheikh Mohammed bin Rashid Al Maktoum of prioritising education as the core of human civilisation, and the optimal path towards realising aspirations of prosperity, stability and development. 

“The Mothers’ Endowment campaign, which aims to honor 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,” HE 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 joint 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 thrilled to be among contributors to the Mothers’ Endowment campaign, and the entity responsible for developing the upcoming campus building 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 solidifying Dubai’s status as a global destination, and an incubator of knowledge,” he added.

Major step

The endowment university, which aims to provide thousands of students with education opportunities, reflects how a culture of endowments has matured and evolved in the UAE.

 Reviving the culture of endowment

The Mothers’ Endowment campaign, launched by HH Sheikh Mohammed bin Rashid Al Maktoum on 4 March, is organized under the Mohammed bin Rashid Al Maktoum Global Initiatives and allows contributors to honor 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, allowing them a chance to improve their quality of life, build their skills and prepare for the job market, which will ultimately drive the stability and development in their communities.

The campaign seeks to revive the culture of endowments as a development tool that ensures sustainable impact and giving, while at the same time highlighting the role of mothers in supporting their children’s education. The campaign also establishes the values of honoring parents, kindness, compassion and solidarity in the community, and further establishes the UAE’s humanitarian role.