Sobha Realty, a real estate developer based in Bengaluru, India, has entered into a philanthropic partnership with the Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI), a foundation backed by the UAE. Under this agreement, Sobha Realty will allocate 400 million UAE Dirhams towards the construction of a university in Dubai over the next four years. Additionally, a 1 billion UAE Dirham endowment fund will be established to support education globally.
The university campus will accommodate 2,000 students and will be handed over to MBRGI, which will collaborate with an international university to manage operations. This initiative aims to broaden the spectrum of higher education offerings in Dubai for both local and international students across undergraduate and postgraduate programs.
PNC Menon, the founder and chairman of Sobha Realty, emphasized the significance of this partnership with MBRGI, highlighting their commitment to supporting charitable and humanitarian endeavours initiated by the UAE. The agreement aligns with the broader Mothers’ Endowment campaign initiated by Sheikh Mohammed bin Rashid Al Maktoum, which enables individuals to honour their mothers through donations.
The campaign's focus is to provide education and vocational training to disadvantaged individuals, thereby empowering them to enhance their livelihoods, develop skills, and prepare for employment opportunities, fostering stability and progress within their communities.
Comparisons to top universities such as Harvard, Stanford, and MIT, which operate through substantial endowment funds, underscore the potential impact and sustainability of the university project in Dubai.
