Home News UAE’s Awqaf, AMAF launch four endowment projects in Dubai worth Dhs56.2m The new projects located across Dubai will be implemented from the fourth quarter of the year by Gulf Business July 13, 2022 Awqaf and Minors Affairs Foundation (AMAF) have launched four new endowment projects valued at Dhs56.2m in addition to announcing plans for six other projects worth Dhs16.3m. The new endowment projects range from residential villas to residential complexes for workers across Dubai; their profits will cover the costs of education, health and care for women, children and people of determination, as well as charity institutions. According to state news agency, WAM, Ali Al Mutawa, secretary-general of the AMAF, said the foundation will start implementing the new projects from the fourth quarter of 2022 to the first half of 2023. It is currently conducting economic feasibility studies to carry out new endowments varying between commercial stores and real estate units. The secretary-general also highlighted the foundation’s keenness to restore old buildings in Dubai, in line with the emirate’s sustainable development plans. Tags Dubai General Authority of Islamic Affairs and Endowments Minors Affairs Foundation 0 Comments You might also like RTA to construct 762 bus shelters in key Dubai areas by 2025 Dubai approves Dhs152m bonus for government employees Strong cash flows for UAE stocks in Christmas Day trade Institutional investors were hungry for Dubai, Abu Dhabi Stocks in 2023