The University of Cambridge said on Wednesday it is in talks with the United Arab Emirates, and according to media reports, their partnership will provide for the university's biggest donation and the creation of a joint innovation institute.
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The Guardian reported that the UAE has pledged to commit £312 million ($430.62 million), the biggest single donation by far to the university, and another £90 million pounds will be paid in kind through Cambridge staff time.
The UAE-Cambridge Innovation Institute will begin as a virtual entity and culminate in "a physical footprint" in the UAE with its own staff and joint UAE and University of Cambridge branding, the newspaper said.The partnership will focus on education, Arabic literacy, Islamic art, culture and research on a post-fossil fuel economy, Cambridge University said in a statement.
