Tuesday, 8 April 2008

Dubai Ruler Invests Private Money in Education

In an attempt to continue the economical development of the tiny Arab Gulf state of Dubai, the ruler Sheikh Mohammed bin Rashid al-Maktoum, has donated 10 billion U.S. dollars (one of the largest contributions to date) to start up a new endowment foundation. The foundation will be used to increase the educational standards in the Middle East with a special emphasis on illiteracy, unemployment and scholarly development and recognition. According to the Guardian, Sheikh Mohammed said, "The foundation's mission is to invest in knowledge and human development, focusing specifically on research, education and promoting equal opportunities for the personal growth and success of our youth."