On the occasion of the President, His Highness Shaikh Khalifa bin Zayed Al Nahyan, declaring 2017 as the 'Year of Giving', AlWaleed Real Estate announced the support of the medical education endowment in Mohammed Bin Rashid University of Medicine and Health Sciences (MBRU) by providing one endowment scholarship for medicine in the University. The endowment initiative was launched by the Mohammed bin Rashid Global Centre for Endowment Consultancy (MBRGCEC) in coordination with Mohammed Bin Rashid University of Medicine and Health Sciences (MBRU) following announcement of the ‘Global Vision for Endowment’, which was launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, to revive the practice of endowment through innovative applications. 

The concept of medical education endowment was established to strengthen the utilization of endowment through innovative applications into projects that are not necessarily confined to traditional frameworks.

Based on this initiative, AlWaleed Real Estate will receive the Dubai Endowment Sign from the MBRGCEC, one of the key initiatives under the Mohammed bin Rashid Global Initiatives, in recognition of their contribution to the community as a model for private sector enterprises.  This sign gives procurement privileges for the private sector with Government of Dubai entities as per the directives of H.H. Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai.  

Mohammed Abdulrazzaq Almutawa – CEO of AlWaleed Real Estate said: “Medical education is a developmental social need for our society. The endowment scholarship we are providing is aligned with the endowment global vision adopted by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai to revive endowment as a developmental tool for societies.  We have great ambitions and we believe that the private sector will have lots of great services for the community.  We have selected the field of education because it has an important impact on the society; we also selected medicine because it has a humanitarian angle”.

Dr. Alawi Alsheikh Ali, Dean of the College of Medicine at MBRU, said: “AlWaleed Real Estate has presented a great service for medical education through this endowment scholarship; we would like to thank them and we hope that they will be role models for other private sector companies to follow.  We welcome working with the private sector to launch and support innovative endowment concepts in collaboration with the Mohammed Bin Rashid Global Centre for Endowment Consultancy in the field of medicine. This endowment scholarship will have a vital impact on medical education.”

Dr. Hamad Al Hammady, Secretary-General of the Mohammed bin Rashid Global Centre for Endowment Consultancy stated: " Declaring 2017 as the 'Year of Giving' by His Highness Shaikh Khalifa bin Zayed Al Nahyan, UAE President, is a great opportunity for all private sector companies to utilize the innovative endowment concept.  The Innovative endowment, part of the Global Vision for Endowments, which was launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai has opened a wide door to the development of communities, which brings this important development tool to support community development. The innovative endowment adopted by Mohammed bin Rashid Global Centre for Endowment Consultancy serves to provide unlimited opportunities for government and private sector institutions and works to advance the narrow definition of Awqaf and its perception, hence the importance of the contribution of the public and private sectors, which can devise initiatives that support the development of communities and meet various social needs. We believe that the contribution of the community through innovative endowments are unlimited and government and private sector institutions can participate in the service of the community regardless of the size of their contribution. AlWaleed Real Estate has become a partner in the community by contributing through the innovative endowment, and will be provided the Dubai Endowment Sign launched by His Highness."