The Endowments and Minors’ Funds Authority- Awqaf Abu Dhabi has signed a Memorandum of Understanding with LuLu Group International to develop a portfolio of commercial projects valued at $27.2 million (AED 100 million) on Awqaf Abu Dhabi endowment land.
Signed under the ‘Mother of the Nation Endowment for Orphans’ initiative, launched under the patronage of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the MoU allows Awqaf Abu Dhabi to allocate endowed land for development, while LuLu Group International leads project delivery and operations.
These projects are designed to generate sustainable financial returns that will support long-term care, provide essential resources, and significantly enhance the overall quality of life, well-being, and opportunities for orphans across the UAE.
The agreement was formalized by Ashraf Ali MA, Executive Director of LuLu Group International, and Fahd Abdulqader Al Qassim, Director General of Awqaf Abu Dhabi, in the presence of Yusuff Ali MA, Chairman of LuLu Group International, Abdul Hamid Mohammed Saeed, Chairman of Awqaf Abu Dhabi, and Dr. Mugheer Khamis Al Khaili, Secretary-General of Erth Zayed Philanthropies.
Returns from these developments will be channeled to support the initiative’s long-term objectives and to sustain and expand Awqaf Abu Dhabi’s broader social and charitable programs.
The agreement highlights Awqaf Abu Dhabi’s ongoing shift toward an institutional, outcomes-driven approach to endowment development, prioritizing asset preservation, transparent investment practices, and measurable financial and social impact.
Fahd Abdulqader Al Qassim Director General – Awqaf Abu Dhabi
“By pairing endowment assets with professional investment and operational expertise, we can convert endowed land into reliable, long-term funding for social initiatives. This partnership exemplifies a modern, governance-led endowment model that preserves assets, delivers consistent returns, and maximizes social value across generations.”
Yusuff Ali MA, Chairman of LuLu Group International, noted that, “The private sector has a key role in supporting national priorities through responsible, impact-driven investment. We are committed to the highest standards of quality and efficiency through these projects, focusing on sustainable returns that create lasting impact for the community.”
Projects under the MoU will be assessed against clear performance and impact metrics to ensure they meet both fiduciary and community objectives.
