Dubai Investments said on Tuesday it has invested 90 percent of the total project cost to build Austria’s Modul University Vienna’s first campus in Dubai.
Dach Advisory Group holds the remaining 10 percent stake in the venture to bring Austria’s leading private university to the emirate, a statement said.
The new campus, spread across 25,000 square feet and Modul’s first outside Austria, will be built at Dubai Multi Commodities Centre in Jumeirah Lake Towers.
The campus will be fully operational by September 2016; with admissions commencing in the first quarter of next year, the statement said.
Khalid Bin Kalban, managing director and CEO of Dubai Investments, said: “Education is one of the fastest growing sectors in the UAE, driven by a growing population and the rising demand for quality education.
“Dubai Investments is committed to play a pivotal role in facilitating the knowledge-sharing; and bringing the prestigious Modul University to Dubai is a step in the direction amidst unprecedented growth opportunities on offer in the UAE education sector.”
Walter Ruck, president of Vienna Chamber of Commerce – owners of Modul University Vienna, added: “Modul University Vienna enjoys a sterling international reputation for its standards and the reputed Austrian know-how in education. The comprehensive academic curriculum, particularly in the tourism and hospitality sector, will prepare students in the UAE and the GCC for the competitive world.”
The Modul University Dubai campus will offer undergraduate, graduate and MBA degree programmes, including BBA and MBA in hospitality and tourism management, Bachelor of Science degree in international management, MBA in New Media management and Masters of Science degree in Sustainable Development Management, offered by Tourism College Modul.
Short-term vocational courses, spanning six months to one year duration, will also be offered for hospitality professionals in the UAE.