There are many new upgrades happening in Dubai for the people. This includes everything from new buildings that are coming up in the city’s skyline to beautification projects. Yes, these developments are spread across several sectors! And recently, His Highness Sheikh Mohammed Bin Rashid Al Maktoum, who is the Prime Minister and Vice President of the UAE and the Ruler of Dubai took a look at the plans for the 1 Billion Meals Endowment Tower. And the hallmark of this upcoming building is the fact that it will be the tallest endowment tower in the UAE.
1 Billion Meals Endowment Tower To Be The Tallest In The UAE
His Highness Sheikh Mohammed Bin Rashid Al Maktoum reviewed the plans for 1 Billion Meals Endowment Tower in the presence of Mohammad Al Gergawi, who is the Secretary General of Mohammed bin Rashid Al Maktoum Global Initiatives and Hisham Al Qassim, the CEO of Wasl Asset Management Group. During this review, it was revealed that this would be the tallest endowment tower in the UAE and it will be located on the Sheikh Zayed Road. Costing a whopping AED800 million, the initiative aims to grow the endowment assets while also achieving the highest returns. This would in turn help in providing a food safety net for many people around the world.
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It Would Be Built According To Highest International Standards
During the meeting, he also reviewed the latest projects and investment ideas under this initiative. Moreover, this project is also a key step towards growing the endowment assets. Developed by Wasl Properties, it embodies the visions and directives of his highness Sheikh Mohammed. Moreover, the upcoming tower would be a great addition to the UAE’s record of charity work.
Built according to the highest international standards, it will significantly contribute towards the objective of 1 billion meals endowment. It’s worth mentioning that the 1 billion meals environment initiative was launched in Ramadan 2023 by the Ruler of Dubai. Since then, it amassed a massive response and has raised AED1.075 billion by the end of the month. This included donations in the form of cash, shares, and real estate assets.
So, once the tower is complete, it will help in achieving the best possible returns towards this massive initiative.
Cover Image Courtesy: sheikhmohammed.ae
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