National Bonds Corporation has signed a Memorandum of Understanding (MoU) with Dubai Sports Council to develop sports culture in the UAE.
As part of the agreement, National Bonds will grant Dubai Sports Council Dh10 million to support the Council’s sports and youth development programmes.
Nasser Al Shaikh, vice chairman and CEO of National Bonds Corporation and Matter Al Tayer, vice-president of Dubai Sports Council signed the MoU in the presence of Mohammad Al Shaibani, chairman of National Bonds Corporation and Dr Ahmed Al Sharif, secretary general of Dubai Sports Council.
The 10-year agreement aims to strengthen the sports sector in the UAE through the ongoing support of National Bonds to all of Dubai Sports Council’s activities, which include, the creation of a comprehensive sports environment in the UAE while supporting the youth in cultivating their talents.
“National Bonds Corporation’s partnership with Dubai Sports Council is in line with our commitment to the vision of Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice-President, Prime Minister and Ruler of Dubai, to create a sports culture that matches international standards. It is also a key element of our company’s overall objective of enhancing public-private partnership,” said Nasser Bin Hassan Al-Shaikh.
Earlier this year, National Bonds Corporation made a significant contribution to sports culture in the UAE by organizing the inaugural Mohammed Bin Rashid International Football Championship. “We are keen on drawing on the success of the Mohammed Bin Rashid International Football Championship and continue to encourage sporting events in the Emirates. Dubai Sports Council would be the ideal partner for us as the Council focuses its efforts on making Dubai a leading destination in the sporting arena,” Al-Shaikh noted.
“Under the guidance of Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, president of Dubai Sports Council, the Council is striving to take sports in the UAE to a higher level and help our youth in nurturing their sporting and cultural talents. The partnership with National Bonds will provide a fillip to our efforts,” added Mattar Al Tayer, vice-president of Dubai Sports Council.-TradeArabia News Service