Sheikh Mohammed approves formation of Mohammed Bin Rashid Endowment District Board of Trustees

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, approved the formation of the Mohammed Bin Rashid Endowment District Board of Trustees, with Mattar Al Tayer as its Chairman, and Saeed Al Eter, Mirwais Azizi, Marwan Bin Ghalita, Mohammed Saeed Al Shehhi, Rashid Ali Al Falasi, Masood Mohamed Sharif, Dr Mahdi Fardan Al Fardan, Farhad Mirwais Azizi and Dr Shaista Mirwais Azizi as members.

The Mohammed Bin Rashid Endowment District is a flagship urban destination that integrates modern housing, commercial facilities, healthcare and education in a single development, reflecting an integrated vision.

The first endowment district in the region, this project is part of the strategic investments by Mohammed Bin Rashid Al Maktoum Global Initiatives (MBRGI), with support from Azizi Developments.

The Endowment District spans 2 million square feet, with total investments of Dhs4.7 billion, of which Dhs330 million is contributed by a group of investors.

Returns from its residential, healthcare and educational facilities will ensure the sustainability of philanthropic efforts, by being allocated to supporting education and healthcare worldwide.

WAM