Dubai ruler launches global drive to combat poverty and unemployment

By Jess Shanahan

Sheikh Mohammed bin Rashed al-Maktoum has launched a $272 million project that brings together 28 organisations to combat poverty and unemployment as well as tackle education issues. The programme will coordinate 1400 human development projects in 116 countries around the world.

As he launched the new foundations, Sheikh Mohammed said: “The world today is facing great challenges on all levels; in terrorism, wars and mass immigration and the only solution lies in human development which can be achieved by educating people and helping them build their future.”

The Dubai Media Office issued the list of objectives and goals which the foundation is aiming to achieve by 2025:

- Print and distribute 10 million books

- Provide educational support for 20 million children

- Invest AED1.5 billion in education and knowledge projects

- Provide 500 million books to students for reading

- 30 million people to be treated for blindness and eye diseases

- Two million households to be provided with support

- AED2 billion to be invested in the establishment of research centres and hospitals

- AED500 million to be invested in water research in the region

- 5,000 innovators to be supported and incubated across the region

- AED5.5 billion to be invested in innovation and creating incubators

- 500,000 new job opportunities to be created

- 50,000 young entrepreneurs to be trained and supported

- One million participants to take part in awards and forums to help empower communities

- AED150 million to be awarded to encourage creatives, intellectuals and journalists

- 25,000 books to be translated into Arabic

- AED600 million to be invested to promote a culture of tolerance

Follow @BusinessRevME

Share

Featured Articles

Top 10 largest revenue generating family businesses in MENAT

From the UAE to Turkey, these family firms are the largest by revenue in MENAT and cover everything from energy to entertainment

Top 10 metaverse projects in the UAE, including world firsts

As Accenture predicts the metaverse will fuel a US$1 trilion commerce opportunity by 2025, we round up 10 pioneering metaverse projects in the UAE

PwC’s survey shows Middle East CEOs remain upbeat on growth

CEOs in the Middle East are far more optimistic about regional growth than those in North America and Europe, according to PwC’s annual survey

Opinion: “Why we must tackle the digital skills crisis"

Leadership & Strategy

5 Mins With: Kathryn Kaminsky Vice Chair Trust Solutions PwC

Leadership & Strategy

Survey: The Future of Cloud Security in the Middle East

Technology