News DeskDubai, UAE – Khalaf Ahmed Al Habtoor, the esteemed founder and Chairman of the Al Habtoor Group, has announced a significant milestone in philanthropy and community development. In collaboration with the Humaid bin Rashid Al Nuaimi Charitable Foundation, a joint endowment agreement has been inked to establish a residential building project on a plot of land within the Sheikh Rashid bin Humaid Al Nuaimi Endowment in the Emirate of Ajman.
This altruistic endeavor aims to honor the memory of Khalaf Al Habtoor’s parents, Ahmed Mohammed Al Habtoor and Noura Ahmed Al Otaiba, whose unwavering support propelled his success. The project, spanning an area of 3,720 square meters and valued at approximately 9 million UAE dirhams, will offer residential units for rent and investment.
Expressing his delight at this collaboration, Khalaf Al Habtoor emphasized its alignment with their shared vision of fostering solidarity and social sustainability within society. He underscored the importance of charitable endowments in fulfilling a sense of communal responsibility and spreading goodwill, hoping this venture serves as a perpetual tribute to his parents’ legacy.
This initiative builds upon Al Habtoor Group’s history of philanthropic endeavors, including previous endowment projects in Dubai such as the Al Habtoor Charitable Endowment in Al Quoz and the endowment in the name of Hamda bint Rashid Al Suwaidi in Al Bidaa. These projects, in collaboration with the Endowments Foundation and the Management of Minors’ Funds, contribute to charitable causes and the upkeep of essential community assets.
The Humaid bin Rashid Al Nuaimi Charitable Foundation commended Khalaf Al Habtoor for his commitment to establishing a new endowment within the Sheikh Rashid bin Humaid Al Nuaimi Endowment Complex. Tariq Abdullah Mohammed Al Awadi, General Manager of the foundation, expressed gratitude for Al Habtoor’s ongoing support, anticipating a significant boost to the endowment’s impact with the addition of this new project.
Al Awadi highlighted the success of the ongoing endowment complex project, facilitated by collaborative efforts from various charitable entities and individuals. He emphasized the importance of such initiatives in fostering solidarity and generosity within communities, praising the collective contributions toward creating sustainable social investments.
With several endowments already completed on the project’s land area, including a mosque and other structures, the endeavor continues to progress positively. The project, comprising 15 plots of land spanning 25,243 square meters in the Liwara 2 area of Ajman, reflects Al Habtoor’s enduring commitment to social responsibility and community development, aiming to enrich society and facilitate long-term growth.
This joint venture exemplifies the power of collaboration in driving meaningful change and underscores Al Habtoor Group’s unwavering dedication to supporting initiatives that uplift communities and foster positive societal impact.
