Who Owns American University of Dubai?
The American University of Dubai (AUD) is a prestigious institution located in the heart of Dubai, United Arab Emirates. Established in 1995, it has become a leading educational institution in the region, offering a wide range of undergraduate and graduate programs.
Ownership Structure
The ownership of AUD is unique compared to traditional universities. It is not owned by a single individual or government entity, but rather by multiple shareholders who have invested in the university’s development.
The Tatweer Company
One of the major shareholders of AUD is The Tatweer Company, which is a subsidiary of Dubai Holding. Tatweer has played a significant role in the development and growth of AUD since its inception. Through its financial support and strategic guidance, Tatweer has helped shape AUD into the reputable institution it is today.
Government Entities
In addition to private investors, several government entities also hold shares in AUD. These entities include Dubai Aviation City Corporation (DACC), Dubai Silicon Oasis Authority (DSOA), and TECOM Investments.
Benefits of Diverse Ownership
The diverse ownership structure of AUD brings several advantages to the university and its students.
- Financial Stability: With multiple stakeholders investing in the university’s success, there is a continuous flow of funds that ensures financial stability and allows for ongoing improvements in infrastructure and academic programs.
- Broad Network: The involvement of both private investors and government entities provides AUD with valuable connections within various sectors. This network can lead to internships, job opportunities, industry partnerships, and research collaborations for students and faculty members alike.
- Unique Perspective: The diverse ownership structure ensures a balanced decision-making process. Each stakeholder brings their unique perspectives and expertise to the table, fostering innovation and creativity within the university.
AUD’s Autonomy
Despite having multiple shareholders, AUD maintains its autonomy as an educational institution. The university has its own Board of Trustees responsible for setting strategic goals and ensuring the highest standards of academic excellence.
The Board of Trustees consists of representatives from various shareholder entities as well as independent members with expertise in education, business, and community development. This balanced representation allows for effective governance while safeguarding the university’s mission and values.
In conclusion, the American University of Dubai is owned by a diverse group of shareholders, including private investors such as The Tatweer Company and government entities like DACC, DSOA, and TECOM Investments. This unique ownership structure provides financial stability, a broad network of opportunities, and a range of perspectives that contribute to AUD’s success as a leading educational institution in Dubai.