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Dubai ruler launches 272 mln USD global aid initiatives

Xinhua, October 4, 2015 Adjust font size:

Ruler of Dubai Sheikh Mohammed Bin Rashid Al-Maktoum launched on Sunday global initiatives to provide humanitarian aid and carry out development projects in 116 countries all over the world, Dubai daily Gulf news reported.

Funded with 272.5 million U.S. dollars, the 1,400 initiatives will focus on the Arab world, the report said. They aim at spreading knowledge, combating poverty, empowering communities and innovation for the future.

Dubai will not turn its back to the "massive challenges" the Arab world is facing, Sheikh Mohammed, who is also the United Arab Emirates (UAE) vice president and prime minister, said at a launch event.

The initiatives will target 130 million people over the coming years.

Around 136 million U.S. dollars will address the problem of water shortages in the Middle East and North Africa and other parts of the world.

By supporting 50,000 entrepreneurs with financial injections, the Mohammad Bin Rashid Al-Maktoum Global Initiatives aims to create 500,000 jobs. Endit