Abu Dhabi: The Department of Health – Abu Dhabi (DoH) and the Endowments and Minors Funds Management Authority (Awqaf Abu Dhabi) have launched an AED1 billion healthcare endowment fund over a five-year period to further promote endowment efforts toward specialized healthcare requirements of the community.
Awqaf Abu Dhabi has committed AED 50 million to the endowment, making it one of the cornerstone contributors. The fund encourages institutions and the community to participate in maximizing its potential for long-term, sustainable support for social impact in healthcare.
Awqaf Abu Dhabi was founded in May 2023 and is in charge of growing and advancing the endowment industry by maximizing the positive social and economic effects on the community by creating partnerships and investments that align with sustainable ideals. This strategic effort clears the way for other sector-focused endowments in Abu Dhabi and marks the first significant partnership.
In the presence of His Excellency Mansoor Ibrahim Al Mansoori, Chairman of the Department of Health – Abu Dhabi (DoH), and His Excellency Abdul Hamid Saeed, Chairman of Awqaf Abu Dhabi, the agreement was signed by Her Excellency Dr Noura Khamis Al Ghaithi, Undersecretary of the Department of Health – Abu Dhabi and His Excellency Fahad Al Qassim, Acting Director General of Awqaf Abu Dhabi.
The Department of Health – Abu Dhabi, under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, made the announcement during the first-ever historic Abu Dhabi Global Healthcare Week 2024 (ADGHW). The Abu Dhabi Endowment Fund for the Healthcare Sector committed to investing the money obtained to fill the financing gap from the fund’s income and returns in vital healthcare programs and treatments, marking a significant turning point for the global health sector.
HE Mansoor Ibrahim Al Mansoori, Chairman of the Department of Health – Abu Dhabi, stated that, “One of our objectives at ADGHW is to make high-quality healthcare available for all a global priority. Announcements, like this one, represent an actual and tangible step towards achieving such goals. Under the directives of the UAE’s wise leadership, the department is proud to collaborate with Awqaf Abu Dhabi and launch the endowment fund which seeks to provide sustainable funding and enhance healthcare social impact. This fund signifies our commitment to creating a sustainable flow of support that ensures the accessibility of healthcare services to all members of the community.”