Mohammed bin Rashid Al Maktoum Establishment yesterday launched Mohammed bin Rashid Centre for Business Leadership and Innovation at the American University of Beirut (AUB).
The centre will be established with a Dh18.3 million endowment in co-operation with AUB's Sulaiman Olayan School of Business.
Cabinet Affairs Minister and Chairman of the Board of Mohammed bin Rashid Establishment Mohammed Abdullah Al Gergawi said the centre will work to prepare the environment that would support and encourage the youth to launch and operate their private projects.
Al Gergawi said business leadership can help turn idle potential into an active production force.