UAE- GE launches school maintenance endowment

Date

6/27/2016 2:03:28 AM

(MENAFN- Emirates News Agency (WAM))

DUBAI, 26th June 2016 (WAM) --- General Electric has announced the launch of an endowment for school maintenance.

The initiative was launched subsequent to the interaction between GE and the global vision for endowment, which was launched by His Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, to revive the practice of endowment through innovative applications.

The concept of school maintenance endowment through efforts and resources comes from GE in coordination with the Mohammed Bin Rashid Global Center for Endowment Consultancy (MBRGCEC) to strengthen the utilization of endowment through innovative applications into projects that are not necessarily confined to traditional frameworks.

Based on this initiative, GE will receive the Dubai Endowment Sign from the MBRGCEC, one of the key initiatives under the Mohammed bin Rashid Global Initiatives, in recognition of their contribution to the community as a model for private sector enterprises. This sign gives privilege for the private sector in procurement with Government of Dubai as per the directives of H.H. Sheikh Hamdan bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai.

WAM/MMYS

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