May 31 2009 |
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ALJ chief makes substantial contribution to alma mater
JEDDAH: The Massachusetts Institute of Technology (MIT) announced recently that its alumnus Mohammed Abdul Latif Jameel had made a substantial gift to the Abdul Latif Jameel Poverty Action Lab (J-PAL) in its mission to reduce poverty worldwide by ensuring that policy was based on scientific evidence.The poverty action lab was named to honor Abdul Latif Jameel and is based in the Department of Economics in the School of Humanities, Arts and Social Sciences.
Jameel's new commitment will allow J-PAL to expand its work over the next five years and into the future with the primary goal of improving the lives of 100 million people worldwide by 2013.
MIT President Susan Hockfield said, "Through the original gift that launched the Abdul Latif Jameel Poverty Action Lab, Mohammed Jameel performed a hugely creative act of philanthropy -- supporting groundbreaking anti-poverty research that would produce powerful ripples of positive change in the lives of people across the developing world. By pinpointing ways to make health and education interventions far more effective, J-PAL's findings have already improved daily lives for millions.
Mohammed Jameel received his SB in civil engineering from MIT in 1978. He is president of the Abdul Latif Jameel Co. (ALJ), which was founded by his father in 1945. In 1955, the company was granted the distributorship for Toyota vehicles in Saudi Arabia, which it has maintained ever since. Today, ALJ is the largest private independent distributor of Toyota and Lexus vehicles in the world, with operations in the Middle East, Africa, Europe, Japan and China. The group's activities also cover the areas of electronics, real estate development, financial, and marketing services.
Mohammed Jameel is the founder and chief job creation officer of Bab Rizq Jameel (Gateway to Prosperity) team, which creates thousands of jobs annually for young men and women in the Arab world. His efforts also support many programs related to alleviating poverty, economic development and efforts to promote understanding among different cultures and religions.
In 1994, ALJ made a donation to MIT to establish the Abdul Latif Jameel-Toyota endowed scholarship fund to honor the company's founder. To honor the long-standing relationship between Toyota and the late Abdul Latif Jameel, students receiving the scholarship are called Jameel-Toyota scholars.
The scholarship provides financial aid to undergraduates from 28 Middle Eastern and Asian countries who would be unable to attend MIT without financial assistance.
© Arab News 2009
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