The Endowments and Minors’ Funds Authority, Awqaf Abu Dhabi, has signed a memorandum of understanding (MoU) with MAIR Group PJSC to implement a portfolio of development projects valued at $54.5 million (AED 200 million) on endowment land in the emirate.
Under the terms of the agreement, Awqaf Abu Dhabi will allocate endowed land for the development projects, while MAIR Group PJSC will oversee the development, implementation, and management of the projects through its real estate arm, Makani Real Estate.
The partnership aligns with the ‘Mother of the Nation Endowment for Orphans’ campaign launched by the Endowments and Minors’ Funds Authority – Awqaf Abu Dhabi to establish long-term financial resources for programs focused on the care, welfare, and stability of orphaned children across the country.
The agreement reflects Awqaf Abu Dhabi’s commitment to expanding collaboration with the private sector and adopting innovative investment models to maximize the social and economic value of endowment resources.
Fahd Abdulqader Al Qassim Director General Awqaf Abu Dhabi
“This agreement represents an advanced model for leveraging endowment assets within a sustainable investment framework that enhances their efficiency and multiplies their social and economic impact. Strategic partnerships with the private sector play a vital role in transforming endowment assets into sustainable development drivers capable of generating long-term returns that support priority social initiatives. Developing projects on endowed land also aligns with our strategic vision to build a modern endowment ecosystem founded on strong governance and institutional investment practices, ensuring the preservation and growth of these assets while maximizing their impact for future generations.”
Nehayan Hamad Alameri, Managing Director and Group Chief Executive Officer of MAIR Group PJSC, noted that, “At MAIR Group, we believe in the importance of partnerships with national entities to support initiatives that deliver sustainable social impact.”
Alameri added that the projects will contribute to the development of endowment assets that combine economic value with social benefit, generating long-term returns that will support the ‘Mother of the Nation Endowment for Orphans”’campaign and enhance the well-being and quality of life of orphaned children.
The development initiative highlights the growing role of strategic public–private partnerships in unlocking the potential of endowment assets in the UAE.
By integrating professional investment management with social impact objectives, the collaboration aims to establish a sustainable financial model that supports humanitarian initiatives while ensuring the long-term growth of endowed resources.
