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Dubai World gives Dh260m for ‘Dubai Cares’

DUBAI — Dubai World has made the single largest contribution — worth Dh260 million — to the ‘Dubai Cares’ initiative launched earlier this month by His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.

Sultan Ahmed bin Sulayem, chairman of Dubai World, announced this on Monday, saying it’s the corporate social responsibility of Dubai World to join this far-reaching project and play a key role in achieving its objectives. Bin Sulayem said, “We believe that as a responsible corporate house, it’s incumbent on Dubai World to do its best to support this noble cause.

The initiative announced by His Highness Shaikh Mohammed is as vast in its scope as it is far-reaching. Education, as His Highness has pointed out, is the key to break the cycle of poverty. We are proud to be a part of this project under which a million children in poor countries from across the world will be given a chance to receive a fulfilling education.”

The contribution from Dubai World for ‘Dubai Cares’ project includes donations of prime lands in major real estate developments by group companies Nakheel and Limitless.

Nakheel has set aside plots in its Dubai Waterfront (valued at Dh105 million), Al Furjan (worth Dh25 million), and The Palm Deira (Dh63 million), as well as setting aside a building at International City (Dh32 million). Limitless has also donated a plot of land in its Downtown Jebel Ali project (Dh35 million), bringing the value of land and property donated by Dubai World to Dh260 million.

The six-week long ‘Dubai Cares’ initiative, a charity drive launched during the holy month of Ramadan, seeks to shine the light of knowledge and dispel the darkness of ignorance by giving the children in poor countries hope for the future and opportunities to break the cycle of poverty, as Shaikh Mohammed stressed.

The campaign will also assist countries in achieving their UN millennium development goals for providing primary education to every child by 2015, because education is one of the most powerful instruments for laying the basis for sustained economic growth, sound governance and effective institutions.