UAE announces Dh4.7 billion endowment for health, education and housing

The UAE, under His Highness Sheikh Mohammed bin Rashid Al Maktoum, has launched a Dh4.7 billion endowment district through the Mohammed bin Rashid Global Humanitarian Initiatives. The permanent charitable project includes a hospital serving 90,000 patients annually, a medical university, schools for over 5,000 students, 2,000 residential units, a boulevard, and commercial outlets, with proceeds supporting global health and education projects.