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Abu Dhabi donating US$150 million to Washington DC children's hospital
Source: BI-ME , Author: BI-ME staff
Posted: Thu September 17, 2009 12:24 pm

UAE. The government of Abu Dhabi announced a donation of US$150 million to Children's National Medical Center in Washington.

The donation announced Wednesday is one of the largest ever to a US pediatric hospital.

It will fund the establishment of the Sheikh Zayed Institute for Pediatric Surgical Innovation, named after Sheikh Zayed, the UAE’s founder and former president, where doctors will collaborate to improve surgeries for children.
 
The gift, to be paid over five years, will enable the institution to hire more than 100 surgeons, researchers and staff members, the Washington Post reports.

“This landmark gift is a remarkable investment in knowledge and ideas,” said Edwin Zechman Jr, the hospital’s president and chief executive. “It’s not just a gift, it’s a catalyst that will spark innovation to benefit children worldwide.”

This gift was arranged by Washington philanthropist Joseph E. Robert Jr., whose son underwent a 10-hour surgery at the hospital nearly a decade ago to rebuild his chest wall.

Efforts to secure funding from Abu Dhabi have been in the works for the past year and were borne out of a friendship between Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and  Robert, reported the Abu Dhabi-based daily, The National.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

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UAE. Total wealth in the GCC stood at US$ 1.7 tillion in 2014, up 4.75% from 2013; Total wealth in Saudi Arabia and UAE grew by 5%; Global household wealth up 8.3% to US$263 trillion, driven by the US and Europe, according to Credit Suisse Research Institute.
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INTERNATIONAL. Foreign policy is what a president wishes would happen; foreign affairs are what actually happen; the problem that Obama has, which has crippled his foreign policy, is that his principles have not been defined with enough rigor to provide definitive guidance in a crisis.
UAE. Total wealth in the GCC stood at US$ 1.7 tillion in 2014, up 4.75% from 2013; Total wealth in Saudi Arabia and UAE grew by 5%; Global household wealth up 8.3% to US$263 trillion, driven by the US and Europe, according to Credit Suisse Research Institute.
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