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Dubai Investments enters education sector, inks MoU with University of Balamand

Dubai Investments enters education sector, inks MoU with University of Balamand
Dubai Investments
DIC
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Dubai Investments [DI], listed on the Dubai Financial Market (DFM), has announced signing a Memorandum of Understanding [MoU] with the University of Balamand [UOB] to establish an academic campus within the Dubai Investments Park [DIP].

UOB is a non-profit higher education institution based in Lebanon.

This project is considered the first-of-its-kind university campus within DIP and marks DI’s foray into the education sector, a statement released by DI revealed, adding that the “UOB campus will offer the entire spectrum of 70-plus academic under-graduate programmes and master’s degree in 55 disciplines currently on offer in its Lebanon campuses”.

The MoU aims to develop academic and educational cooperation and outlining the proposed framework for the joint initiative.

The MoU was signed by DI Managing Director and CEO Khalid Bin Kalban, and the Dean of the Faculty of Engineering and Vice President for Development, Administration and Public Affairs at the University of Balamand Dr. Michel Ibrahim Najjar.

Commenting on the agreement, Mr. Kalban said: “Over the years, Dubai Investments has carved a niche in a number of business sectors, and our foray into education is a natural extension to our portfolio. Education is one of the fastest growing areas of the UAE economy, driven by a burgeoning population, rising demands for quality education and growing spending propensity.”