H.H. Sheikh Mohammed evaluations ‘Billion Meals Endowment’ Tower plans

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has considered the plans for the AED 800 million “Billion Meals Endowment” tower, to be constructed on Sheikh Zayed Road.

The UAE’s tallest endowment tower is a part of the 1 Billion Meals Endowment initiative’s initiatives geared toward rising the endowment property and obtain the best returns to assist present a meals security web for tens of thousands and thousands of individuals around the globe.

During his assembly with the 1 Billion Meals Endowment Board of Trustees, His Highness Sheikh Mohammed bin Rashid additionally reviewed the most recent initiatives and funding concepts underneath the initiative, which is operated underneath the Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI).

“We want our humanitarian work to last for hundreds of years in the name of the UAE people. This project is a key step in our efforts to grow the endowment assets, all contributing to the main purpose of protecting vulnerable people everywhere from the risks of hunger,” His Highness Sheikh Mohammed bin Rashid mentioned.

“We aim to ensure the sustainability of our humanitarian efforts by creating a new model that derives from the UAE’s economic development,” he added.

His Highness was briefed in the course of the assembly on the design and worldwide requirements adopted for the tower, which is being developed by Wasl Properties.

He additionally reviewed the outcomes of a research performed by the Board of Trustees, analysing the potential funding dangers of the brand new challenge, together with deciding on the funding promising the most effective returns and least dangers, its compatibility with endowment legal guidelines and working its capital in accordance with related laws.

Mohammad Al Gergawi, Secretary General of Mohammed bin Rashid Al Maktoum Global Initiatives and Chairman of the 1 Billion Meals Endowment Board of Trustees, mentioned, “The endowment tower embodies the visions and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum to launch sustainable humanitarian projects that establish endowment work and bolster the future of UAE humanitarian efforts.”

He additionally famous that the institution of premium actual property endowments aligns with MBRGI’s mission of institutionalizing humanitarian, assist and social efforts.

Returns of the brand new actual property endowment can be devoted to offering a meals security community to thousands and thousands of individuals around the globe, serving to them overcome malnutrition and its challenges, he harassed. “MBRGI continues to carry out sustainable projects that provide security and stability to underprivileged individuals, alleviating their suffering and positively impacting their communities,” he concluded.

ضمن متابعاتنا للمشاريع الإنسانية … اطلعت على برج “وقف المليار وجبة” .. أعلى برج وقفي في الإمارات.. يقع على شارع الشيخ زايد باستثمارات 800 مليون درهم … خطوة جديدة لتنمية أصول الوقف بما يضمن استدامة واستمرارية العمل الإنساني الإماراتي للعقود القادمة بإذن الله . pic.twitter.com/ns7XBbFNJB

— HH Sheikh Mohammed (@HHShkMohd) March 2, 2024