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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. The Middle East's top brands have grown by an average of 38%, according to The Brand Finance Middle East 50; This brings the total value of the top 50 above US$50 billion for the first time; Emirates holds the top spot and remains far ahead of the rest.
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INTERNATIONAL. Oil markets since 2011 have become less price sensitive to actual supply disruptions, especially to those geopolitical events that have taken place since the Arab Spring.
UAE. The Middle East's top brands have grown by an average of 38%, according to The Brand Finance Middle East 50; This brings the total value of the top 50 above US$50 billion for the first time; Emirates holds the top spot and remains far ahead of the rest.
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