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Dubai/Beirut: The Mohammad Bin Rashid Al Maktoum Foundation announced plans to establish a new centre for Entrepreneurship and Innovation at the Olayan School of Business, American University of Beirut (AUB), Lebanon, as part of its continuous efforts to instill the spirit of entrepreneurship in the Arab world.
The Mohammad Bin Rashid Al Maktoum Centre for Entrepreneurship and Innovation, aiming to serve as a regional nucleus for entrepreneurship research and knowledge dissemination in the Arab world, will be established in collaboration with AUB with an endowment of Dh18.3 million (nearly $5 million).
A Memorandum of Understanding (MoU) was signed on Thursday in Beirut by Sultan Lootah, Vice-President, Mohammad Bin Rashid Al Maktoum Foundation - Employment and Entrepreneurship, and George K. Najjar, Dean of the Sulaiman S. Olayan School of Business at the American University of Beirut.
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