Press Releases
Oct 29 2016
Endowment Signing for first Endowment Taxicab worldwide
HE Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA), has received the Dubai Endowment Sign from HE Dr. Hamad Al Hammadi, Secretary General of the Mohammed bin Rashid Centre for Endowment Consultancy (MBRGCEC(. The presentation of the sign was in recognition of RTA’s initiative for deploying the world’s first endowment taxicabs whose revenue to be allocated to community activities related to public transport.
RTA is at the forefront of government entities honoured by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, and Ruler of Dubai, during the launch of the Global Vision of Endowment last March with the aim of reviving endowment as a community development tool.
“RTA prides itself on being among the first contributors to the vision of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, and Ruler of Dubai, and initiating the concept of the first Endowment Taxicab in the world. Obtaining the Endowment Sign is an incentive for all to contribute to community development through endowment. We are looking forward for our cooperation with the MBRGCEC to bear results dividends in support of community development efforts,” said Al Tayer.
“RTA is keen on supporting all programs & initiatives of the Dubai Government in scientific, social, humanitarian and economic fields out of its relentless efforts to bolster its social responsibility at the local, regional and global levels. Such efforts, we believe, would raise the standing of the UAE & Dubai in global humanitarian circles and bring happiness to people,” continued Al Tayer.
“The first Endowment Taxicab in the world is a key component of the creative endowment unleashed by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, and Ruler of Dubai,” said Dr. Hamad Al Hammadi.
“RTA has rolled out this innovative concept, which heralds a pioneering endowment experience worthy of emulation worldwide. We are looking forward for other public and private entities to follow suit of RTA in developing cracking endowment solutions for community development,” added Al Hammadi.
The Secretary General of the Centre reported that the website (www.MBRgcec.ae) was ready to receive all inquiries of individuals and entities interested in obtaining the Dubai Endowment Sign. “The MBRGCEC seeks to offer consultancy to public & private entities towards enhancing their communal contributions through the Dubai Endowment Sign. Such coordinated efforts would help build a wide spectrum of community services featuring key tools for leveraging the corporate contribution to the community,” he continued.
The Dubai Endowment Sign is part of the innovative projects launched by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, and Ruler of Dubai, as part of the global vision for endowment. It constitutes a stimulant for engaging with the community, and avails public & private organizations the opportunity to serve the community through endowing a part of their assets to address social development needs.
