DCT Abu Dhabi signs partnership with Mubadala Foundation initiating AED 50 million cultural industry investment

The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) and Mubadala Foundation signed a partnership agreement, where the latter will contribute AED 50 million to the emirate’s cultural industry over the next five years in a first-of-its-kind agreement. The partnership marks a significant step forward in their shared mission to transform and elevate the emirate’s vast cultural landscape, with Mubadala Foundation also being appointed as an ‘Education & Community Partner’ of DCT Abu Dhabi’s across the culture sector, including the Saadiyat Cultural District and other similar sites.

The close cooperation between DCT Abu Dhabi and Mubadala Foundation presents an important commitment to fostering cultural programmes and initiatives, including projects with the renowned Louvre Abu Dhabi and the highly anticipated Zayed National Museum.

His Excellency Saood Abdulaziz Al Hosani, Undersecretary of DCT Abu Dhabi, said: “At DCT Abu Dhabi, we have cultivated compelling partnerships that are central to community development and fuel economic progress that aid Abu Dhabi’s wider global ambitions. Our commitment to this is reinforced by the signing of this partnership with Mubadala Foundation, underscoring our promise to transform the emirate into a global centre for culture and creativity. Through this stakeholder collaboration, we are poised to deliver unparalleled experiences to visitors from around the globe and enable the creation of a dynamic cultural ecosystem that invites exploration and engagement.”