Dubai to Establish the World’s First Collective Endowment Park
The city of Dubai, which is renowned for incorporating innovation into its economic, commercial and cultural goals, is now blending this sentiment into charity!
Dubai is currently working on establishing the first collective-endowment park in the world – the Endowment Park project which will be established by Dubai Municipality and Mohammed bin Rashid Global Centre for Endowment Consultancy (MBRGCEC).
The park combines the business model of collective outsourcing with the concept of innovative endowment. It will rely on the UAE’s population donations of palm trees, which in turn will become an agricultural endowment.
It’s located next to Mushrif Park and will spread over an area of 15 hectares. Aimed at opening the doors of sustainable charity to all its community members, the project will also include a charity date-packing factory, which will allocate its entire production towards the needy members within the UAE community. The project has an expected annual production capacity of around 150 tonnes of dates, stated Hussain Lootah, the director general of Dubai Municipality.
The entire concept is derived from a 125-year old custom originating from the Hatta region in UAE, which had the social custom of endowing palms by traditionally donating the proceeds into charity and favoring the needy members of the community.
During the second half of 2017, Dubai Municipality will announce the launch of the invitation to donate towards the palms endowment for the park as soon as the infrastructure is completed on the project.