UAE will build a $218mn tower - 1 Billion Meals Endowment

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, reviewed plans for the ‘1 Billion Meals Endowment’ tower, the UAE’s tallest endowment tower located on Sheikh Zayed Road.

The tower is part of the 1 Billion Meals Endowment initiative’s projects aimed at growing the endowment assets and achieving the highest returns to help provide a food safety net for millions worldwide. The endowment tower is being developed for AED 800 million and is part of MBRGI’s mission of institutionalizing humanitarian, aid, and social efforts.

The tower aims to invest its endowed capital sustainably, adding more assets to the 1 Billion Meals Endowment initiative while dedicating proceeds to meeting the food needs of underprivileged populations.