Signing of a historic agreement between the two entities
On 19 March 2024 at 12.59 pm, the Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI) and Sobha Realty have signed an agreement to establish a university in Dubai, funded to the tune of 400 million AED. The agreement was signed by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Vice-Chairman of the Board of Directors of Mohammed bin Rashid Al Maktoum Global Initiatives, and His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the United Arab Emirates.
A project supported by the «Mothers» Fund’ campaign»
This agreement forms part of the campaign Gifts from mothers (Mothers’ Endowment), launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum to establish a 1 billion AED endowment fund aimed at supporting education around the world. It thus reflects the shared vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, the MBRGI and Sobha Realty to use education as a catalyst for positive change and sustainable development.
An ambitious agreement on the fund’s objectives
Mohammad Al Gergawi, Secretary-General of the Mohammed bin Rashid Al Maktoum Global Initiatives, said that this agreement represents an important step towards achieving the objectives of the Mothers’ Endowment campaign. PNC Menon, founder and chairman of Sobha Realty, emphasised that this agreement forms part of their efforts to promote collaboration on high-impact projects that benefit vulnerable communities around the world.
The partnership between MBRGI and Sobha Realty supports charitable initiatives launched by the United Arab Emirates
This partnership with the MBRGI is of particular significance due to its association with the Mothers’ Endowment campaign and Sobha Realty’s commitment to supporting charitable initiatives launched by the United Arab Emirates. The two parties will work together to bring this project to fruition – the establishment of a university in Dubai that will contribute to the development of education on a global scale.
The main features of the future establishment
- Funding: 400 million AED
- Location: Dubai
- Support for the Mothers’ Endowment campaign
- Partnership between MBRGI and Sobha Realty for the project’s delivery
- The Crown Prince of Dubai and the First Deputy Ruler of Dubai attended the signing of the agreement
- A commitment to contributing to sustainable development and positive change through education
Expected impacts of the university project
As well as being innovative and ambitious, the partnership between MBRGI and Sobha Realty to establish this AED 400 million university in Dubai is expected to have a positive impact on the international education landscape. Indeed, the new institution is expected to attract students and researchers from around the world, who will contribute to the achievement of the UN’s Sustainable Development Goals.
Promoting the values of inclusive and sustainable education
Drawing on the financial support provided by the Mothers’ Endowment Fund, as well as the expertise and cooperation between the MBRGI and Sobha Realty, the university will aim to promote the values of inclusive and sustainable education amongst future generations of students. In this way, it will be possible to envisage a better future by strengthening collaboration and solidarity amongst all those involved in promoting education.
In conclusion, the establishment of a university in Dubai, funded by 400 million AED, marks a major step forward in the field of education. The result of a strong partnership between two major organisations – the MBRGI and Sobha Realty – this ambitious project forms part of a broader drive to improve education worldwide. It now remains to be seen how this promising initiative will develop in the future.
