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Wednesday, November 25 - 2009

Dubai Knowledge Village welcomes launch of 'Human Development Fund' at World Economic Forum

Dubai Knowledge Village (DKV) has welcomed the launch of the AED37 billion human development fund announced by His Highness Sheikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to provide better education and narrow the knowledge gap between the Arab and developed world.

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  • Dr. Ayoub Kazim, Executive Director, Dubai Knowledge Village and Dubai International Academic City.
    Dr. Ayoub Kazim, Executive Director, Dubai Knowledge Village and Dubai International Academic City.
The 'Mohammed Bin Rashid Al Maktoum Foundation', the largest initiative of its kind in the Arab and Islamic world, was launched on the sidelines of the World Economic Forum (WEF) on the Middle East recently in Jordan.

The Foundation aims to open doors for future generations of leaders in the region to shape their lives by equipping them with world-class knowledge and education. The announcement is in line with the Dubai Strategic Plan to improve education and ensure access to quality academic opportunities.

Dr. Ayoub Kazim, Executive Director, Dubai Knowledge Village and Dubai International Academic City welcomed the initiative. He said it underlines the importance of investing in human capital for sustained long-term development of the region and the creation of a knowledge economy.

"The Foundation mirrors Dubai Knowledge Village's vision of establishing educational initiatives and projects with an eye on the future. It is also a reflection of the success of Dubai's knowledge cluster concept," he said.

"We believe this initiative will help lay the foundation for a strong knowledge-based society in the wider Arab region. More importantly, it will strengthen our collective commitment to ensuring access to quality education for every individual."

The foundation's mission is to invest in knowledge and human development, focusing on research, education and promoting equal opportunities for the personal growth and successes of the youth.

The foundation is to be based in Dubai and is due to start its work later this year.
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About Dubai Knowledge Village
Dubai Knowledge Village (DKV), launched in 2003, places the Middle East on the map as a destination for learning excellence. Its 1 KM long picturesque campus provides a ready environment for a variety of knowledge-based entities including training centres and learning support entities. This thriving knowledge community was founded as part of a long-term economic strategy to develop the region's talent pool and accelerate its move into a knowledge-based economy. Benefits for Dubai Knowledge Village partners include 100% foreign ownership, 100% freedom from taxes, 100% repatriation of assets and profits and effortless visa issuance procedures. DKV has over 350 partners which include training centres, professional centres and HR companies. DKV also enjoys the distinction of being the world's only Free Zone totally focused on professional training and learning support services.

For further information, please contact:
Zeba Ahmad
Associate Account Manager
JIWIN, The Public Relations Arm of Dubai Press Club
T:+9714 361 3333
F:+9714 368 8 001

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