Mohammed bin Rashid Al Maktoum Foundation

On May 19, 2007, Mohammed bin Rashid Al Maktoum announced his plans to give $10bn USD to set up the Mohammed bin Rashid Al Maktoum Foundation, an educational foundation in the Middle East, one of the largest charitable donations in history.^[1] Sheikh Mohammed stated that the money is meant to bridge the knowledge gap between the Arab region and the developed world, improving the standard of education and research in the region, developing leadership programs for youth, and stimulating job creation. The announcement was made at the 2007 World Economic Forum in Jordan. The foundation funds in three areas: Culture, Entrepreneurship and Employment, and Knowledge and Education.^[2]

References

1. ^ "Dubai ruler in vast charity gift". BBC News. 2007-05-19. http://news.bbc.co.uk/2/hi/middle_east/6672923.stm. Retrieved 2007-05-19. 
2. ^ Mohammed bin Rashid Al Maktoum Foundation Homepage

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