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Mon 17 Oct 2016 01:58 PM

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UAE's TRA inks funding deal for new Dubai engineering college

Telecommunications Regulatory Authority also says to invest $330m in scholarships by end of 2018

UAE's TRA inks funding deal for new Dubai engineering college
(Getty Images)

The UAE's telecoms regulator has announced the signing of two new agreements worth over AED42 million ($11.4 million) with Dubai University through its financing entity, ICT Fund.

The Telecommunications Regulatory Authority (TRA) said in a statement that the deals are part of its commitment to help in the growth and development of the UAE’s academic segment, especially universities and colleges.

The first agreement, worth AED35 million, aims to support efforts to establish an engineering college in Dubai University covering key specialties like ICT engineering and electronic engineering.

The second agreement will provide 12 scholarships and builds on a previously signed agreement in 2015 with Dubai University through the “Betha” program. A total of AED7.1 million worth of scholarships will be offered.

They are part of the TRA's plan to invest AED1.2 billion ($330 million) to provide scholarships for 1,000 Emirati students by the end of 2018.

Hamad Obaid Al Mansoori, TRA director general, said that the TRA is planning to sign various agreements related with high education aimed at "building an Emirati generation that is able to keep pace with the large global changes".

Dr Essa Bastaki, president of University of Dubai added: “We believe in the importance of communication between the government and private entities to support the scientific trends especially the ones related with ICT sector which provides the major requirements to build the global economies, smart cities and people’s future towards more prosperity, luxury and happiness."

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