DUBAI, 26 May 2008 — An AED100 million World Memon University (WMU) will be built in the UAE. This was announced by the World Memon Organization (WMO) yesterday Sunday at its seventh annual general meeting here.

The university would either be located in Dubai, Ras Al Khaimah or Abu Dhabi and the group was currently conducting feasibility studies. Construction of the WMU will commence in 2010 and be operational in 2013.

Sheikh Nahyan ibn Mubarak Al-Nahyan, minister of Higher Education and Scientific Research, inaugurated the three-day event themed "WMO Vision 2008, Dubai" where the organization, a humanitarian group that assists the poor and underprivileged across the globe, is reviewing its future projects.

With a capacity to accommodate more than 5,000 students whose pursuit for quality education are hindered by poverty, the university will offer full academic programs in accountancy, agriculture, engineering, biological sciences, computer sciences, costume fashion technology, home science, management, mass media and health care.

Speaking at the opening ceremony held at the Madinat Jumeirah Hotel in Dubai, Sheikh Nahyan, said: "The UAE has placed great emphasis on the full development of human potential and has invested a good deal of resources in the education system. I congratulate the WMO on the World Memon University and look forward to welcoming the university into the education environment in the United Arab Emirates."

The organization has also revealed that it has allocated $5 million for the expansion of its charity, health care and education networks across the seven chapters of the WMO worldwide.