19 December 2015University to become fully operational in September 2016
Dubai: Dubai Investments PJSC [DI], the leading, diversified investment conglomerate listed on the Dubai Financial Market [DFM], has announced that Austria's MODUL University Vienna's first campus in Dubai will become fully operational by September 2016.
Dubai Investments has invested 90% of the total project cost for the 25,000 square feet MODUL University Dubai campus, to come up at Dubai Multi Commodities Center [DMCC], while DACH ADVISORY Group, a specialist in the transfer of cross-border business models between the German-speaking world, Russia/CIS and the Middle East has invested the remaining 10%.
A ribbon-cutting ceremony for the Dubai Campus was held recently at DMCC in Jumeirah Lake Towers, in the presence of Mohammed Saeed Al Raqbani, General Manager of Dubai Investments Industries - a wholly-owned subsidiary of Dubai Investments, Zaid Maleh, CEO of DACH ADVISORY, H.E. Walter Ruck, President of Vienna Chamber of Commerce - the owners of MODUL University Vienna, dignitaries and officials.
In his comments, Mohammed Saeed Al Raqbani said: "MODUL University's Dubai Campus is a major value-addition in Dubai Investments Industries' dynamic and diversified business model. The MODUL University offers a unique model in higher education, based on the principles of quality learning, to help open exciting career avenues in today's knowledge economy and DII is happy to collaborate in this exciting endeavour."
Commenting on the venture, Zaid Maleh said: "Dubai is emerging as a leading hotspot for business, finance, commerce and education in the entire region. Austrian expertise in education is well-known and highly regarded amongst regional communities. We are convinced the upcoming MODUL University Dubai Campus will contribute positively towards this perception while creating great opportunities. Our joint initiative with Dubai Investments Industries as part of Dubai Investments is in line with DACH ADVISORY's commitment to bring world-class know-how and quality education to the region."
The MODUL University Dubai campus will offer undergraduate, graduate and MBA degree programs, including BBA and MBA in hospitality and tourism management, Bachelor of Science degree in international management, MBA in New Media management and Masters of Science degree in Sustainable Development Management, offered by Tourism College MODUL.
Short-term vocational courses, spanning six months to one year duration, will also be offered for hospitality professionals in the UAE. All courses will be taught in English and accredited in both Austria and the UAE.
In 2013, DACH ADVISORY Group was instrumental in bringing Synergy University, the largest private university in Russia with over 35,000 students across the globe, to DMCC, Dubai.
About Dubai Investments Industries
Dubai Investments Industries (DII) is Dubai Investments' investor arm and targets both new and established industries with a strong commitment to boosting industrial development in local and regional markets. DII includes subsidiaries across sectors, including Emirates Building Systems, Marmum Dairy Farm, United Sales Partners, Edible Oil Company, Dubai Cranes & Technical Services, Emirates Extruded Polystyrene and TechSource LLC.
About DACH ADVISORY Group
DACH ADVISORY Group is a specialized investment firm offering business and management services to a diversified client base ranging from UHNWI & HNWI through to family offices, corporations, financial institutions as well as institutional clients. DACH ADVISORY derives its knowhow and expertise from German speaking Europe, the so-called "DACH" region, while bridging the gap to some of the fastest growing emerging markets from Russia / CIS through to Asia & the Middle East. It's key strengths are its international perspective combined with its in-depth knowledge of local and regional markets. DACH ADVISORY is headquartered in Dubai with offices in Vienna & Moscow.
About MODUL University Vienna
MODUL University Vienna is widely considered as Austria's leading international private university and is owned by the Vienna Chamber of Commerce and Industry, the largest provider of private education in Austria. The university campus is located on Kahlenberg, a scenic hill with a spectacular view of the capital of Austria. The MODUL brand stands for more than 100 years of excellence in education. Founded in 1908, MODUL College is the vocational training school with the longest tradition in tourism and hospitality education worldwide. Since 2007, MODUL University Vienna has been offering cutting-edge education (BBA, BSc, MSc, MBA and PhD study programs) in the areas of international management, new media technology, public governance, sustainable development, and tourism and hospitality management.
© Press Release 2015