His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has launched a permanent endowment district valued at Dh4.7 billion. The proceeds from this ambitious project will support health and education initiatives worldwide.
The new endowment district will feature a hospital capable of serving 90,000 patients each year, a medical university, and schools for more than 5,000 students. The district will also include residential buildings with 2,000 housing units, a boulevard, endowment-owned retail outlets, and other facilities.
Sheikh Mohammed announced the project on his official X account, stating, “Thanks God, we have launched an endowment project worth Dh4.7 billion under the Mohammed bin Rashid Al Maktoum Global Initiatives. It is a perpetual charitable endowment whose proceeds will go towards supporting health and education projects around the world.”
He expressed gratitude to all philanthropic endowers, supporters, and contributors, especially Azizi Developments. Sheikh Mohammed praised everyone who works to ensure the continuity of good deeds in the UAE, a nation known for its generosity.
“We thank God for His guidance. May He accept from us and from you all good deeds,” he concluded.
The endowment district is set to become a major hub for charitable giving, with a lasting impact on global health and education.