- Initial budget of AED4.2 billion over the next 10 years
- One of the largest privately funded philanthropic education initiatives in the Arab world, devoted to equipping Arab youth with the knowledge and skills they need to fulfill their promise as the future leaders of the region
- Initiative to benefit more than 15,000 university gifted students from less privileged backgrounds in the UAE and Arab world
- Foundation to support programs aimed at increasing innovation and rewarding excellence in education
Reflecting his commitment, dedication and on the occasion of UAE Humanitarian Work Day 2015, one of the UAE’s most respected business figures donated one third of his assets to equipping Arab youth with the knowledge and skills they need to become the leaders of tomorrow and drive the sustainable development of their communities. The Foundation will invest in innovative high impact programs that improve the quality of education at the primary and secondary levels while also helping a minimum of 15,000 promising Arab youth from underprivileged backgrounds pursue quality higher education for a value of 4.2 billion AED over ten years.
Abdullah Ahmad Al Ghurair, whose eponymous business group has interests including banking, food, construction and real estate, today unveiled the Abdullah Al Ghurair Education Foundation, a philanthropic institution dedicated to the advancement of young men and women in the UAE and the Arab World.
A legally registered entity, the Foundation owns one third of the assets of the Abdullah Ahmad Al Ghurair group of companies, including all revenues and profits. The Foundation’s board of trustees is chaired by HE AbdulAziz Al Ghurair; Abdullah Ahmad Al Ghurair’s son.
The launch of the Foundation coincides with UAE Humanitarian Work Day, held to honour the legacy of the founding father of the United Arab Emirates, Sheikh Zayed bin Sultan Al Nahyan. HE AbdulAziz Al Ghurair announced the launch of the Foundation at a press conference today.
The Foundation will award grants based on a highly competitive process. It will work in partnership with the best education institutions in the region and the world. It will also promote academic subjects that address the needs of the local and global economy and the priorities of nation building. Grants for higher education will be made through a clear and transparent process and awarded based on merit to Emirati and Arab youth in need of financial assistance.
“Education is the cornerstone of prosperous, progressive and inclusive societies, and essential for the sustainable development of our nation and the empowerment of our future leaders.”
“For many years, the UAE has been known for helping less fortunate countries and individuals. The launch of the Foundation, therefore, is an extension of what our Leadership is already committed to doing. Improving the quality of education and equipping our youth with the skills to succeed in the 21st century is key to reducing unemployment – among the Arab world’s most pressing challenges – and to building peace and prosperity in our region.”