19 May, 2007

Al Maktoum launches largest education foundation with $10b endowment


His Highness, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, today launched the 'Mohammed Bin Rashid Al Maktoum Foundation', a major initiative to promote human development and provide hope and opportunity by investing in education and knowledge-development in the region. His Highness, Sheikh Mohammed, made the announcement in a keynote speech at the World Economic Forum for the Middle East being held in Jordan.

The Foundation, which will be launched with an endowment of Dhs. 37 billion, aims to open doors for future generations of leaders of the region to shape their future by equipping them with world-class knowledge and education. more........
Well it will be interesting to see how this fund unfolds for the country and the region, weather the endowments carry "nationality" and "origin" as a prerequisite or not. Qatar Foundation which took a precedence in launching funds for knowledge based development has very liberal requirements and open doors to outside talent. If this fund also head that way we would witness the biggest inflow of talent in coming years.

9 comments:

samuraisam said...

Heh. Sorry for the double post

Doubleletter said...

This is Something that should have been done a _long_ time ago, but its never too late ...

Anonymous said...

double etter....we dont owe the world anything...its just a good thing a good goverment did for the the less fortunate arab countries.

he's a loser, he is(s m) said...

yawn!another order from shaikh blah blah blah! people,really now!

Doubleletter said...

Anonymous:

I don't think UAE owes anything to anyone.. but Arab countries, in general, should have done this a long time ago.

It would be good to see other arab leaders contribute to this foundation.

The strength of the West is in its educational institutions.

nick said...

http://hdr.undp.org/

Follow the links to ‘Arab countries Human development report 2005’.
It is exactly what the United Nations development programme’s Human Development reports have been stating for many years now.
If Sheikh Mohammed gets serious about this then I have to eat a lot of words I said about Dubai…..

fake balushi said...

Are we that Freakin dumb and stupid that $10 BILLION is launced to educate 20000 ppl!



Ok Now, we shud wait, Maybe We will Bring the MOON to us rather than us going to the moon.



GREAT NEWS!!! ZZZzzzZZZZzzzzZZZZZ

Anonymous said...

^^ I hope u eat'em

kow from pow said...

ya think he really gives a damn, does our sheik moh'd. the ceo of dubai inc?

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