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Saturday, October 20, 2007
A jersey worn by United Arab Emirates Vice-President, Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum at a world endurance championship fetched 16 million dirham at an auction on Thursday.
The auction was to raise funds for Dubai Cares, an initiative to help educate needy children worldwide.
The initiative launched by Sheikh Mohammed on Sept 19 to put one million children through school in poor countries has already garnered some 840 million dirham.
The six-week campaign surpassed its target of 200 million dirham in just six days of its launch.
Farhan Faraidooni, chairman of the Board of Sama Dubai, a real estate developer who bought the shirt, said: "Sheikh Mohammed is a visionary. This shirt is symbolic of his leadership and is priceless," the English daily Gulf News quoted him as saying.
In his speech at the launch, Sheikh Mohammed said the campaign would help over one million children and assist countries in achieving their United Nations Millennium Development Goal to provide primary education to every child by 2015.
The campaign recognises education as the best long-term solution to alleviate poverty in the developing world, reinforcing the call of experts that educating children, especially girls, is the key to ending the global cycle of poverty.
Sheikh Mohammed said Dubai Cares sought to give the children in poor countries hope for the future and opportunities to break the cycle of poverty that threatened to entrap them and consign their families to a life with no real future.
Contributions came from Emiratis, expats, private sector, international corporations, financial institutions, retail sector, educational institutions and even schools.
To ensure the campaign's success, Sheikh Mohammed together with his sons and daughters are actively participating in it.
The auction was to raise funds for Dubai Cares, an initiative to help educate needy children worldwide.
The initiative launched by Sheikh Mohammed on Sept 19 to put one million children through school in poor countries has already garnered some 840 million dirham.
The six-week campaign surpassed its target of 200 million dirham in just six days of its launch.
Farhan Faraidooni, chairman of the Board of Sama Dubai, a real estate developer who bought the shirt, said: "Sheikh Mohammed is a visionary. This shirt is symbolic of his leadership and is priceless," the English daily Gulf News quoted him as saying.
In his speech at the launch, Sheikh Mohammed said the campaign would help over one million children and assist countries in achieving their United Nations Millennium Development Goal to provide primary education to every child by 2015.
The campaign recognises education as the best long-term solution to alleviate poverty in the developing world, reinforcing the call of experts that educating children, especially girls, is the key to ending the global cycle of poverty.
Sheikh Mohammed said Dubai Cares sought to give the children in poor countries hope for the future and opportunities to break the cycle of poverty that threatened to entrap them and consign their families to a life with no real future.
Contributions came from Emiratis, expats, private sector, international corporations, financial institutions, retail sector, educational institutions and even schools.
To ensure the campaign's success, Sheikh Mohammed together with his sons and daughters are actively participating in it.
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Another auction organised by a Dubai-based company will see the handprints of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, and his sons up for sale, it was announced yesterday. Zabeel Investments is taking an innovative approach to raising funds by auctioning off the handprints in aid of the initiative to educate over 1 million children.
Tonight's sports auction, held under the auspices of Shaikh Rashid Bin Mohammad Bin Rashid Al Maktoum and the Dubai Sports Council, is expected to generate over $1 million (Dh3.67 million) for the campaign, according to organisers.
Among the 32 items going under the hammer is a football boot worn by Khalid Esmail when he scored the UAE's goal against Germany in the 1990 World Cup, and the UAE's first Olympic gold medal, won by Shaikh Ahmad Bin Hasher Al Maktoum for the double trap shooting competition at the 2004 Olympics in Athens.
Other lots include running shoes worn by Shouaa when she won the Heptathlon gold medal in the 1996 Atlanta Olympics, and a jersey signed by Brazilian football legend Pele.
Meanwhile, software company CA yesterday announced a donation of over Dh73,000, and the ITL Group pledged one per cent of retail sales generated over two months in their Cosmos showrooms towards the campaign.