The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) and Mubadala have entered a multi-year partnership to contribute AED50 million to the capital’s cultural industry over the next five years.
The first-of-its-kind investment partnership will lead to Mubadala Foundation being appointed as an ‘Education & Community Partner’.
The partnership aims to foster cultural projects and initiatives with sites including the Louvre Abu Dhabi and the Zayed National Museum.
Saood Abdulaziz Al Hosani, Undersecretary of DCT Abu Dhabi said: “At DCT Abu Dhabi, we have cultivated compelling partnerships that are central to community development and fuel economic progress that aid Abu Dhabi’s wider global ambitions.
“Our commitment to this is reinforced by the signing of this partnership with Mubadala Foundation, underscoring our promise to transform the emirate into a global centre for culture and creativity. Through this stakeholder collaboration, we are poised to deliver unparalleled experiences to visitors from around the globe and enable the creation of a dynamic cultural ecosystem that invites exploration and engagement.”
Homaid Al Shimmari, Deputy Group CEO and Chief Corporate and Human Capital Officer at Mubadala said: “We’re delighted to partner with DCT Abu Dhabi to strengthen collaboration across major projects in the cultural sector and to support important initiatives focusing on education, community outreach, youth, senior citizens, Emiratisation and more.
“By working together alongside Louvre Abu Dhabi and Zayed National Museum we will promote our cultural heritage to position Abu Dhabi as an international hub for sustainable tourism and culture. We are committed to playing a key role in contributing to Abu Dhabi’s arts and culture ecosystem to drive impactful change locally and globally.”
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