ZF and RCS ink Dh6.6m tsunami aid agreement

ABU DHABI — The Zayed Foundation (ZF) and the UAE Red Crescent Society (RCS) have signed here yesterday a memorandum of understanding (MoU) to jointly execute charity projects for victims of the tsunami disaster in Indonesia and Sri Lanka at a total cost of about Dh6.624 million.

By (Wam)

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Published: Mon 15 Aug 2005, 10:16 AM

Last updated: Thu 2 Apr 2015, 7:13 PM

Salim Al Dhahiri, ZF Director-General, and Khalifa Nasir Al Suwaidi, RCS Board Chairman, signed the MoU.

Based on the MoU, the two sides will coordinate efforts to build two orphanages and two health centres in Indonesia. They will also build an orphanage and 20 housing units in Sri Lanka.

The ZF, according to the MoU, would contribute Dh1.300 million for the Indonesian projects and Dh500,000 for the projects in Sri Lanka.

The money is to be transferred to the RCS in three instalments. The first instalment of 25 per cent of the total amount will be transferred to the RCS soon after the signing of the MoU, the second installment of 40 per cent of the total amount will be transferred to the RCS soon after the start of work on the projects after bidding on the projects has been opened and accepted, while the third installment of 35 per cent will be transferred to the RCS after work on the projects has reached advanced level.

Al Dhahiri welcomed the signing of the MoU between the two bodies. He commended the RCS for its good works in the area of distributing relief supplies and humanitarian assistance in various parts of the world. He also commended his outfit for the unique role it continues to play by executing big humanitarian projects that have great impact on the social and cultural structure in the beneficiary countries. He reiterated his outfit’s commitment to continue to cooperate with the RCS in order to achieve the two organisations’ common humanitarian objective.

Al Suwaidi, for his part, expressed the RCS’ happiness to cooperate with the ZF. He commended the latter for its great achievements and expressed his outfit’s profound gratitude to the ZF for the gesture.

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