DEWA and Al Furjan Fund sign MoU to finance Dubai’s creative projects

DEWA and Al Furjan Fund sign MoU
Image Via: Dubai Media Office | Cropped by GBN
By Arya M Nair, Official Reporter
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Dubai Electricity and Water Authority (DEWA) has signed a Memorandum of Understanding (MoU) with Al Furjan Fund to support and finance social initiatives and programs that promote the quality of life for citizens and residents in Dubai.

The agreement, signed by Dr Yousef Al Akraf, Executive Vice President of Business Support and Human Resources at DEWA, and HE Ahmed Al Bedwawi, Chairman of the Board of Trustees of Al Furjan Fund, is in support of the Dubai Social Agenda 33, launched by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, under the theme ‘Family: The Foundation of Our Nation’.

The agreement aligns with the commitment of both sides to enhance community engagement and support initiatives aimed at promoting social sustainability within residential neighborhoods, in line with the strategies of the Dubai Social Agenda D33.

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Dr. Yousef Al Akraf
EVP – Business Support & Human Resources,
DEWA

“DEWA’s top management is committed to implementing and supporting projects and initiatives that contribute to enhancing social and economic development, strengthening social cohesion among citizens and consolidating national identity across various neighborhoods and areas in Dubai. This aligns with the Dubai Quality of Life Strategy 2033 and the Dubai Social Agenda 33, which focuses on developing a city that offers the best living experience, residential services, as well as cultural and sporting activities. This partnership marks a significant step towards increasing community engagement and supporting projects that contribute to the well-being and stability of Emirati citizens.”

“We are pleased to collaborate with Al Furjan Fund in line with our active role in promoting community engagement and realizing Dubai’s vision of becoming a pioneering city in sustainable development. This partnership is just the beginning of more projects that will support society and improve the quality of life for Emiratis,” Dr. Al Akraf added.

HE Ahmed Al Bedwawi, Chairman of the Board of Trustees at Al Furjan Fund, said that, “We are keen to build effective strategic partnerships with government agencies and private sector institutions to contribute to raising the quality of life of Emiratis. The agreement with DEWA confirms the importance of these efforts and supports innovative projects and ideas that contribute to providing a supportive environment for residential communities in Dubai.”

“The impact of these agreements is positive and significant on the community and will provide an opportunity to finance projects that contribute to enhancing social cohesion and sustainability in residential neighborhoods. We look forward to implementing new and innovative initiatives within the framework of this partnership that achieve our goals in serving the community and improving the quality of life of our citizens with other governmental and private entities and institutions in the coming periods,” Al Bedwawi continued.

This agreement embodies the vision of the Al Furjan Fund in supporting and empowering citizens by financing creative projects and ideas that contribute to enhancing community cohesion, improving the quality of life in residential neighborhoods and strengthening effective partnerships with government and private entities.

The MoU aligns with the shared vision of the Al Furjan Fund and DEWA to enhance stability in Dubai’s residential districts through projects that support social cohesion. Both parties will contribute to implementing community initiatives designed to empower individuals and improve the quality of life across various neighborhoods in Dubai.

DEWA will support the Fund’s initiatives in areas such as educational and awareness programs to promote comprehensive development and improve the quality of life. These initiatives will also direct investment towards important social and cultural issues. Additionally, the support will extend to recreational activities, which aim to enhance community well-being, happiness and strengthen connections among citizens in Dubai’s residential neighborhoods.

Additional initiatives include community sports projects, which encourage investment in the sports sector and promote physical activity, as well as seasonal events that play a significant role in enhancing the community’s quality of life and fostering economic development.

Al Furjan Fund was founded in line with the directives of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, Chairman of the Executive Council of Dubai and Chairman of Dubai’s Higher Committee for Development and Citizens Affairs.

It was launched in 2023 by HH Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai, and Chairman of the Dubai Media Council. The fund sponsored several community initiatives, including Summer Rain, the Bain Al Ghaf Festival, a summer camp and tourist excursions for retired citizens in collaboration with Dubai’s Thukher Club, a Higher Committee for Development and Citizens Affairs initiative.

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