In a landmark announcement, Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, has revealed the launch of a Dh4.7 billion endowment project under the Mohammed bin Rashid Al Maktoum Global Initiatives. This ambitious endeavor, described as a ‘permanent humanitarian charitable endowment,’ aims to channel its proceeds into global health and education initiatives. The project will feature a state-of-the-art hospital capable of serving 90,000 patients annually, a medical university, schools accommodating over 5,000 students, and residential buildings with 2,000 housing units. Additionally, the endowment district will include a boulevard, charitable commercial shops, and other community-focused facilities. Sheikh Mohammed expressed his gratitude to key contributors, including Azizi Developments, and emphasized the importance of sustaining goodness in the nation of generosity and giving. This announcement follows the recent launch of the ‘Volunteering and Community Engagement Ecosystem,’ which seeks to bolster the impact of volunteering and support nonprofit organizations in their contributions to sustainable development. The ecosystem includes a Dh100 million fund and a strategy to expand the country’s volunteer base to 600,000.