Home News “Dubai Endowments” is implementing gift projects worth 56 million dirhams

“Dubai Endowments” is implementing gift projects worth 56 million dirhams

by Dubai Forum
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The Endowment and Minors Affairs Foundation in Dubai announced that it is implementing four new endowment projects at a cost of 56 million and 263 thousand dirhams, and designing for six other endowment projects worth 16 million and 367,000 dirhams.

She explained that the new scholarship projects varied between villas, complexes and housing for workers and are distributed in different areas of Dubai, and pointed out that the proceeds from these scholarships go to the health and education banks, care of women, children and people determination and irrigation of hope and other banks in the charity.

Ali Al-Mutawa, Secretary-General of the Awqaf and Minority Affairs Fund in Dubai, reaffirmed the Foundation’s eagerness to develop the endowment in Dubai by implementing various real estate and housing projects in a way that maximizes endowment returns and achieves sustainable development for charitable projects and adds , that this year the Foundation has implemented a gift that supports women and children in Al Warqa, in addition to A gift supports education through the completion of “Waqf to Learn” in Rashidiya, in addition to the completion of the Ben Medya Charitable Villas Endowment in Hor Al Anz.

Al-Mutawa stated that the company has completed the implementation of its planned projects on time and that the new projects will be completed gradually, starting from the last quarter of this year until the middle of next year.

He added that the foundation is conducting a financial feasibility study in addition to a technical vision for establishing new scholarships, which varies between commercial shops, residential properties, villas and others, pointing to the foundation’s eagerness to carry out reconstruction operations for old buildings to increase their lifespan and achieve giftedness. in line with Dubai’s sustainable development plans. .

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