Dubai Islamic Bank (DIB) has signed a cooperation agreement with the Knowledge Fund Establishment to support the ‘Dubai Schools’ project with a pledge amounting to AED 11 million.
The move seeks to help realise the Dubai Social Agenda 33 goals and DIB’s corporate social responsibility strategy, which is focused on supporting various national initiatives and programmes to serve the community.
Abdulla Mohammed Al Awar, the CEO of the Knowledge Fund Establishment, said the fund’s commitment to enhancing partnerships with various institutions and private sector entities in Dubai aligns with the emirate’s broader vision and strategy to strengthen the education sector and foster its growth.
As part of the ‘Dubai Schools’ project, schools are established by the Dubai government and operated by a private sector institution. By implementing the highest international standards, the project ensures that Emirati students and students of diverse nationalities receive high-quality education at an affordable cost. The initiative aligns with Dubai’s vision of delivering outstanding education and establishing advanced schools in line with global benchmarks.
Sheikh Hamdan bin Mohammed announced the ‘Dubai Schools’ project in March 2021. Two schools were launched in September 2021 in the Mirdif and Al Barsha areas. In 2022, the third school was opened in the Nad Al Sheba area.
Currently, the number of enrolled students in the schools exceeds 2,500. The Dubai government aims to increase the capacity to accommodate up to 15,000 students by the academic year 2032/2033 through expanding the project.
