Knowledge Fund Establishment Achieves 173% Investment Growth in H1 2024

Ummulkiram Pardawala -

The Knowledge Fund Establishment achieved outstanding results in the first half of 2024, driven by a strategic focus on educational investments.

Key highlights include:

  • Investment Growth: A 173% increase in new investments compared to the same period in 2023, with educational assets covering half a million square feet. These investments will benefit over 5,000 students through planned projects offering Indian and French curricula and early learning centres.
  • Board Review: During their third meeting of the year, the Board of Directors reviewed the establishment’s impressive performance. The strategy encourages educational sector expansion to meet the needs of Dubai's growing population.
  • New Partnerships: The establishment formed new partnerships, including an MoU with National Bonds Corporation to launch the ‘Young Investor’ initiative, aimed at enhancing financial literacy among Dubai School students.
  • Distinguished Students Program: In collaboration with KHDA and nine private schools, the ‘Dubai Distinguished Students Program’ will provide over 400 academic seats for outstanding Emirati students in the 2024-2025 academic year, covering 50% of tuition fees.

Leadership Comments:

Ahmad AbdulKarim Julfar, Chairman: Highlighted the growth of Dubai’s private education sector and the acceleration following the Dubai Social Agenda 33, aiming to position Dubai's education quality among the best globally.

Abdulla Mohammed Al Awar, CEO: Emphasized the goal to develop high-quality educational initiatives that keep pace with global advancements and prepare students for the future.

The establishment's strategy and initiatives underscore its commitment to enhancing Dubai’s educational landscape.

News Source: Dubai Media Office