The Mohammed Bin Rashid Al Maktoum Global Initiatives (MBRGI) has announced that it invested a total of AED1.8 billion ($490 million) in humanitarian aid in 68 countries in 2017.
The investment level comes in the annual report of MBRGI launched by Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai.
According to the results, the Foundation increased its expenditure to AED1.8 billion from AED1.5 billion spent in 2016.
Of this figure, AED961 million was spent on the programmes and initiatives of entities falling under MBRGI’s five pillars, which benefitted 69 million people in 68 countries around the world.
Sheikh Mohammed said: "I am proud of my humanitarian team. Over 500 employees in the service of humanity and 90,000 volunteers help us in our journey of giving in over 60 countries. We encourage all of the humanitarian institutions under the umbrella of our initiatives to strive to excel in their work."
MBRGI’s total 2017 expenditure on Humanitarian Aid & Relief was AED194 million while expenditure on Healthcare & Disease Control was AED477 million, Spreading Education & Knowledge saw an expenditure of AED634 million, expenditure on Innovation & Entrepreneurship was AED396 million and expenditure on Empowering Communities was AED129 million.
Of the total AED1.8 billion, AED869 million was invested in establishing sustainable institutions such as the Mohammed Bin Rashid Library, the Museum of the Future and other institutions, an increase of AED78 million compared to 2016.
About 90,000 people volunteered during 2017 to implement the various programmes, initiatives and entities of MBRGI, supporting the Foundation’s 543 permanent employees, the report added.
"We have the resources, the will, the management, and no excuse for not being the first in humanitarian aid," Sheikh Mohammed said.
"We will continue to work, build and give in accordance with the vision we have set for ourselves and our team at the Mohammed bin Rashid Global Initiatives. It is the service of humanity first and last."For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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