# Dubai ruler promises £5 billion foundation gift

- Link: https://fundraising.co.uk/2007/05/20/dubai-ruler-promises-5-billion-foundation-gift/
- Published: 2007-05-20T23:00:00+01:00
- Author: Howard Lake

Sheikh Mohammed bin Rashid al-Maktoum, the Ruler of Dubai, has pledged $10 billion(
£5 billion) to a new foundation he is setting up. The Mohammed Bin Rashid Al Maktoum
Foundation will focus on promoting human development in the region by funding education
and knowledge development initiatives.
According to the BBC, the pledge, made at
the World Economic Forum in Jordan, is “thought to be one of the largest charitable
donations in history”.

The Foundation will be based in the United Arab Emirates and will “source and manage
research programmes and centres and provide scholarships, leadership programmes 
and research grants”.

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