Students from 22 Arab nations are eligible to receive full scholarships to attend the University of Chicago Graduate School of Business under a new program funded by the Mohammad bin Rashid Al Maktoum Foundation of Dubai. The foundation is endowed by the prime minister of United Arab Emirates.
Students selected for the program will receive funds for tuition, fees, books, living expenses, medical insurance and travel expenses for the entire two-year M.B.A. program. A stipend providing additional money will also be given to each student. The first recipients of the program will begin their studies in September 2008.
Under terms of the program, students will be required to return to the Middle East after graduation for a minimum of two years of employment in the public or private sector.
“The prime objective of the Fellows Program is to help reverse the region’s brain drain and encourage talented human capital to contribute to the development of the region,” said Mustafa Al Ansari, director of human resources and business support at the Mohammed bin Rashid Al Maktoum Foundation. “Through this institute, we will create an environment that will ensure the evolution of a new generation of leaders across the public and private sectors,” he said.
Other schools participating in the program include the University of Chicago’s Harris School of Public Policy Studies, Stanford University’s Graduate School of Business, the Wharton School at the University of Pennsylvania and the John F. Kennedy School of Government at Harvard.
Up to 100 students will be chosen for the program through a competitive process. Dedication and commitment to the Middle East’s human and socio-economic progress are key selection criteria, along with outstanding leadership capabilities and an excellent academic track record.
Citizens of the 22 member countries of the Arab League are eligible for the program. Those countries include Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Oman, Qatar, Saudi Arabia, UAE and Yemen.
The Mohammed bin Rashid Al Maktoum Foundation is directed by the Prime Minister of the UAE and ruler of Dubai, Mohammed bin Rashid Al Maktoum, who has committed a personal endowment of $10 billion toward the development of a knowledge-based society in the Arab region.
The University of Chicago Graduate School of Business is one of the leading business schools in the world. The school’s faculty includes many renowned scholars and its graduates include many business leaders across the U.S. and worldwide. It is consistently ranked as one of the top business schools in the world. The Chicago Approach to Management Education is distinguished by how it leverages fundamental knowledge, its rigor, and its practical application to business challenges.
Chicago GSB offers a full-time MBA program, an evening MBA program, a weekend MBA program, an executive MBA program, a PhD program, open enrollment executive education, and custom corporate education.