Top luxury real estate developer Sobha Realty has signed a charitable grant agreement for the establishment of an endowment university in Dubai. The pact has been inked with a UAE-backed aid programme foundation – Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI).

The contribution of AED400 million made by Sobha Realty to construct and develop an university campus building in Dubai is one of the UAE’s largest charity donations.

H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai, attended the agreement signing event, along with other dignitaries.
The agreement is a part of the Mothers’ Endowment campaign, which was launched primarily to honour mothers by channeling AED1 billion towards supporting the education of countless students from underprivileged communities around the world.

Commenting on this significant agreement, the founder and chairman of Sobha Realty, PNC Menon, said, “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 excited to be one of the contributors to the Mothers’ Endowment campaign, and the entity responsible for developing the campus building of the endowment university 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 reinforcing Dubai’s status as a global destination, and an incubator of knowledge.” –editor@nrifocus.com