His Highness, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, launched in May 2007, the 'Mohammed Bin Rashid Al Maktoum Foundation', a major initiative to promote human development and provide hope and opportunity by investing in education and knowledge-development in the Arab world. His Highness, Sheikh Mohammed, made the announcement in a keynote speech at the World Economic Forum for the Middle East being held in Jordan.
The Foundation will have an initial endowment of $10bn, aims to open doors for future generations of leaders of the region to shape their future by equipping them with world-class knowledge and education.
The Foundation will source and manage a wide range of initiatives including the establishment of high-quality research programmes and research centres and the provision of scholarships to students to attend leading universities and institutes. It will also support research in universities across the region. In addition, the Foundation will provide leadership programmes for youth in government, the private sector and in non-governmental organizations. Scholarships and research grants will also be given to authors and researchers in the region.
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