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Al Ansari Exchange, Gates Foundation pen $10m deal to boost MEA healthcare

Al Ansari Exchange, Gates Foundation pen $10m deal to boost MEA healthcare
Mohamed Al Ansari and Bill Gates

Mubasher: The UAE’s foreign exchange and worldwide money transfer company, Al Ansari Exchange, has teamed up with the Bill & Melinda Gates Foundation to earmark $10 million for the regional healthcare sector.

Through the foundation’s matching programme, the pledged amount will be directed to endorse healthcare humanitarian programmes in the Middle East and Africa (MEA) region, according to a press release on Sunday.

The joint collaboration aims to reduce inequities in health through the development of new tools and strategies that are capable of eliminating the burden of neglected tropical diseases (NTDs), which affect over 1.7 billion of the world’s population residing in low-income areas in the Middle East, Africa, and Asia.

Chairman of Al Ansari Exchange, Mohamed Al Ansari, commented: “We always seek to establish strong long-term partnerships with foundations and institutes as we understand that consistency in strategy and direction is key to seeing a positive impact on communities in need.”

Co-Chair of Gates Foundation, Bill Gates, said: “Together, we are committed to reducing inequities in healthcare. As we push toward the elimination of neglected tropical diseases and the eradication of polio, I’m pleased to renew our nearly decade-long collaboration with Al Ansari Exchange.”

Both sides have held a meeting in Dubai to discuss the importance of supporting global efforts that aim to improve healthcare, besides the important role of philanthropists in powering such programmes worldwide.