Hazza Bin Zayed Receives Awqaf Abu Dhabi Delegation To Discuss Endowment Sector Progress In Al Ain

H.H. Sheikh Hazza bin Zayed Al Nahyan, the Ruler's Representative in Al Ain Region, recently welcomed a delegation from the Endowments and Minors’ Funds Management Authority (Awqaf Abu Dhabi). The delegation was led by Abdulhamid Mohammed Saeed, Chairman of the Authority. The meeting took place at the Ruler’s Representative Court in Al Ain Region.

Sheikh Hazza highlighted President His Highness Sheikh Mohamed bin Zayed Al Nahyan's commitment to supporting the endowment sector. This sector is crucial for promoting comprehensive and sustainable socio-economic development. He stressed that these goals are achieved through essential projects, community initiatives, and strategic plans aimed at improving quality of life.

During the meeting, Abdulhamid Mohammed Saeed discussed Awqaf Abu Dhabi’s strategic efforts. These efforts focus on innovative investment strategies that balance financial returns with societal impact. This aligns with the UAE’s 2025 Year of Community initiative declared by President His Highness Sheikh Mohamed bin Zayed Al Nahyan under the theme "Hand in Hand."

Fahad Abdul Qader Al Qassim, Director-General of the Authority, emphasised attracting more investments in the endowment sector. This aims to ensure sustainable returns that finance community projects, create job opportunities, and support entrepreneurship in Al Ain.

The meeting also included Sheikh Mohammed bin Hamdan bin Zayed Al Nahyan and several senior officials from the endowment sector. They provided updates on Awqaf Abu Dhabi’s strategy to maximise economic and social impact through investment in endowment assets. These investments are directed towards sustainable initiatives and projects that generate positive outcomes.

Abdulhamid Mohammed Saeed noted how endowments have historically been vital tools for social and economic development in the UAE. Today, they serve as a main pillar for supporting charitable initiatives through new models for sustainable investment aligned with global best practices.

Integrating Endowments into Urban Development

Fahad Abdul Qader Al Qassim reiterated the importance of integrating endowments into urban development plans. This integration enables innovative use of endowment lands to boost economic development while preserving Al Ain's cultural identity as a leading city in community endowment models.

The approach taken by Awqaf Abu Dhabi strengthens its role in reinforcing values of generosity and giving embedded in UAE society. It ensures this legacy is passed on to future generations while contributing to national priorities and sustainable development goals.

The meeting underscored how these efforts align with national priorities and sustainable development goals. By focusing on innovative investment strategies, Awqaf Abu Dhabi aims to balance financial returns with societal impact, ensuring long-term benefits for communities across the UAE.

With inputs from WAM