Knowledge Fund's Educational Investments Deliver Outstanding Results

Knowledge Fund Establishment Delivers Outstanding Results through Educational Investment Strategy

• Significant Growth: New investments by the establishment in the first half of 2024 have increased by 173% compared to the same period in 2023.
• Strategic Partnerships: The establishment has entered into new collaborations, including an MoU with the National Bonds Corporation, for various initiatives.

The Board of Directors of the Knowledge Fund Establishment held their third meeting of the year, reviewing the establishment’s overall performance in the first half of 2024. Significant investments were generated by allocating educational assets spanning half a million square feet, resulting in a 173% surge compared to the first half of 2023.

This success is attributed to a strategy that encourages investors and operators in the educational sector to expand investments in educational assets in Dubai, catering to the emirate’s growing population.

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The new investments are expected to benefit over 5,000 students once the educational projects are completed. These projects will offer Indian and French curricula, with early learning centres set to open in various parts of the emirate.

In the first half of the year, the establishment entered into several new partnerships with organizations and companies, launching initiatives to enhance the educational sector in the emirate. A Memorandum of Understanding was signed with the National Bonds Corporation to launch the ‘Young Investor’ initiative, aiming to enhance financial literacy among students in Dubai Schools by fostering a comprehensive educational environment focused on financial education.

Additionally, the establishment launched the ‘Dubai Distinguished Students Program’ in collaboration with the Knowledge and Human Development Authority (KHDA) and nine private schools in Dubai. In its first edition, the program aims to provide more than 400 academic seats for outstanding Emirati students across various educational levels for the upcoming academic year (2024-2025), with scholarships covering 50% of the tuition fees.

Ahmad AbdulKarim Julfar, Chairman of the Board of the Knowledge Fund Establishment, commented: “The private education sector in Dubai is one of the fastest-growing sectors in the emirate, thanks to the diverse investment opportunities available. This growth has been further accelerated following the launch of the Dubai Social Agenda 33 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. His vision is to position the quality of education in Dubai among the best in the world.”

He added: “Our strategy, based on understanding investors’ needs, has enabled us to identify promising investment opportunities that will serve the educational sector in the future.”

Abdulla Mohammed Al Awar, CEO of the Knowledge Fund Establishment, stated: “Our strategy aims to develop and innovate high-quality initiatives that enhance the educational sector in Dubai, in collaboration with our partners in both the public and private sectors. The educational initiatives launched in the first half of the year are key to keeping pace with global advancements in education. Our goal is to inspire students and equip them with innovative educational methods to prepare them for the future.”