His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has approved the formation of the Mohammed bin Rashid Endowment District Board of Trustees, marking a major step in advancing the region’s first integrated endowment development.
Mattar Al Tayer will chair the board, which includes 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.
The Mohammed bin Rashid Endowment District is a flagship urban destination that brings together modern housing, commercial spaces, healthcare, and education within one community. The project embodies Sheikh Mohammed’s vision of creating developments that merge innovation with social impact.
Developed under the Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI) with support from Azizi Developments, the district spans two million square feet and represents a total investment of AED4.7 billion. Of this, AED330 million comes from a group of investors supporting the initiative.
As the first endowment district in the region, the project is designed to generate sustainable returns from its residential, healthcare, and educational facilities. These proceeds will be dedicated to supporting education and healthcare programmes worldwide, ensuring the long-term impact of Dubai’s philanthropic vision.
News Source: Emirates News Agency
