RTA receives endowment sign for first endowment taxicab worldwide

DUBAI, 29th October, 2016 (WAM) A ground breaking programme has been recognised, as revenues from taxi fares will be donated to contribute to public transportation in Dubai.

In recognition of the innovative programme, Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA), received the Dubai Endowment Sign from Dr. Hamad Al Hammadi, Secretary-General of the Mohammed bin Rashid Centre for Endowment Consultancy (MBRGCEC).

The presentation of the sign was in recognition of RTA’s initiative for deploying the world’s first endowment taxicabs, whose revenues are to be allocated to community activities related to public transport.

RTA is at the forefront of government entities honoured by Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, during the launch of the Global Vision of Endowment last March, with the aim of reviving endowments as a community development tool.

“RTA prides itself on being among the first contributors to the vision of Sheikh Mohammed bin Rashid and initiating the concept of the first Endowment Taxicab in the world. Obtaining the Endowment Sign is an incentive for all to contribute to community development through endowment. We are looking forward to our cooperation with the MBRGCEC to bear dividends in support of community development efforts,” said Al Tayer.

“RTA is keen on supporting all programmes and initiatives of the Dubai Government in scientific, social, humanitarian and economic fields, out of its relentless efforts to bolster its social responsibility at the local, regional and global levels. Such efforts, we believe, would raise the standing of the UAE and Dubai in global humanitarian circles and bring happiness to people,” continued Al Tayer.

“The first Endowment Taxicab in the world is a key component of the creative endowment unleashed by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, and Ruler of Dubai,” said Dr. Al Hammadi.

“RTA has rolled out this innovative concept, which heralds a pioneering endowment experience worthy of emulation worldwide. We are looking forward to other public and private entities to follow suit of RTA in developing endowment solutions for community development,” added Al Hammadi.

“The MBRGCEC seeks to offer consultancy to public and private entities towards enhancing their communal contributions through the Dubai Endowment Sign. Such coordinated efforts would help build a wide spectrum of community services featuring key tools for leveraging the corporate contribution to the community,” he added.

The Dubai Endowment Sign is part of the innovative projects launched by Sheikh Mohammed bin Rashid, as part of the global vision for endowment. It constitutes a stimulant for engaging with the community, and avails public and private organisations the opportunity to serve the community through endowing a part of their assets to address social development needs.