Azizi Developments announced today an AED 3 billion contribution ($816.7 million) to the Fathers’ Endowment campaign in the presence of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai,
This campaign, launched by Sheikh Mohammed, coincides with the month of Ramadan and aims to establish a sustainable AED1 billion endowment fund dedicated to providing healthcare for the poor and needy, in honor of fathers across the UAE.
The announcement was made during an agreement signing by His Excellency Mohammad Al Gergawi, Minister of Cabinet Affairs and Secretary General of Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI) and Mirwais Azizi, Founder and Chairman of Azizi Developments, during the closing ceremony of the 5th Arab Hope Makers initiative in Dubai today.
First contribution to Fathers’ Endowment campaign
Azizi Developments’ contribution marks the first for the Fathers’ Endowment campaign, an initiative under the Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI). The campaign encourages donations in the name of fathers, promoting the values of honoring parents, compassion and social solidarity.
It also aims to advance the concept of charitable endowments and strengthen the UAE’s position in philanthropic work by creating a sustainable endowment for healthcare access for underprivileged communities.
“The vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, as well as the continuous Ramadan initiatives, foster a unique global humanitarian ecosystem within the UAE, driving substantial philanthropic engagement from major contributors, institutions, and individuals,” stated Al Gergawi.
He also emphasized that Azizi Developments’ generous contribution to the Fathers’ Endowment campaign exemplifies the boundless generosity of philanthropists in the UAE.
Largest individual private sector contribution in UAE history
The contribution, the largest individual private sector contribution in UAE history, will fund a humanitarian medical complex, comprising a hospital, research center and medical training facility, significantly enhancing the UAE’s healthcare sector. Built to the highest international standards, the complex, along with other endowment buildings, will be funded by Azizi Developments.
“This contribution is a tribute to fathers and a reflection of Azizi Developments’ commitment to supporting the UAE’s charitable and humanitarian initiatives, particularly during Ramadan. We are dedicated to social responsibility and fostering a culture of giving within the UAE, aligning with the vision of our nation’s leadership and the mission of MBRGI,” stated Mirwais Azizi.
Read: Sheikh Mohammed crowns Morocco’s Ahmed Zainoun as the leading Arab Hope Maker
AED600 million to Mothers’ Endowment campaign
Azizi Developments previously donated AED600 million in March 2024 to establish an educational endowment complex in Dubai as part of the Mothers’ Endowment campaign, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum last Ramadan.
That campaign aimed to create an AED 1 billion endowment fund to support the education of millions globally, in honor of mothers. Revenue from the educational complex, one of the UAE’s largest charitable contributions, will be used to empower students to pursue education, gain necessary skills, and meet evolving market demands.
