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Sama Dubai offers Dh50 million land

DUBAI — Sama Dubai, the international real estate investment and development arm of Dubai Holding, has donated land worth Dh50 million in ‘The Lagoons’ project to the ‘Dubai Cares’.

Sama Dubai will auction the land under the supervision of the Government of Dubai Land Department, which will announce the auction date at a later stage, with the proceeds going to the ‘Dubai Cares’ campaign.

Farhan Faraidooni, Executive Chairman, Sama Dubai, said: “Sama Dubai’s contribution to ‘Dubai Cares’ initiative is in response to a call by His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, for the private sector to substantially support the humanitarian campaign for providing primary education to every child in the world by 2015.”

“The United Arab Emirates enjoys a prosperous economy, which has created economic opportunities that have benefited many people. Such prosperity can be further leveraged through this charity drive by funding education, a crucial part of the fight against poverty,” Faraidooni added.

Inviting businessmen and investors to take part in the land auction, an opportunity that offers both social and economic returns, Faraidooni said: “Dubai has exported its economic success story to the world and we are confident that we will export our success in humanitarian initiatives as well.”