Occidental Petroleum partners with Emirates Foundation to Support UAE Youth Development
WAM ABU DHABI, 5th November 2013 (WAM) -- The Emirates Foundation for Youth Development and Occidental Petroleum Corporation (Oxy) has announced the signing of a partnership agreement whereby Oxy will provide financial and non-financial support to help the Emirates Foundation achieve its strategic objective of inspiring, empowering and guiding youth in the U.A.E.. The agreement will also allow for the two entities to exchange knowledge and expertise around youth development, and scale up the Foundation's six core programmes.
As part of the partnership, and in line with its global social responsibility programme, Oxy will provide the Emirates Foundation with a financial contribution of five million dollars over a six year period, as well as technical and logistical support with the youth development programmes managed by the Foundation.
Commenting on the partnership agreement with Oxy, Sheikh Sultan bin Tahnoon Al Nahyan, the Foundation's Managing Director, said, "Partnering with a world renowned company that is known for its continuous support for social development programmes across the globe is hugely beneficial for the Foundation. We rely on support from the private sector in order to be able to deliver social value and in this case, create opportunities for young people in the U.A.E." Sheikh Sultan continued, "We have always appreciated Oxy's support which is not just financial in nature but also brings a high level of engagement. This renewed commitment to our work is an indication of how we have successfully worked together in the past to create sustained social value." Emirates Foundation has to date impacted the lives of over 34,000 young people in the U.A.E., positively and permanently." According to the agreement, Oxy will provide support across the Foundation's work with a specific focus on Kafa'at, a pre-employment programme that aims to equip young people for work in the private sector, and the Think Science programme which aims to identify scientific talent in the U.A.E. and encourage young people to pursue study and a career in the science and technology sector.
"Oxy is honoured to support Emirates Foundation in its quest to enhance the lives and future of young people in the U.A.E.," said Stephen I. Chazen, President and Chief Executive Officer, Oxy. "Throughout our worldwide operations, we support professional development, mentoring and educational programmes with the goal of preparing future generations of leaders. In this regard, Oxy's philosophy is very much in keeping with the mission and focus of the Emirates Foundation." Oxy's new commitment to the Foundation builds on earlier financial contributions and technical support whereby the company partnered with Emirates Foundation to develop research on youth and employment and was involved in developing training programmes for civil society organisations.
Clare Woodcraft, Chief Executive Officer, Emirates Foundation for Youth Development, expressed the Foundation's appreciation of Oxy's commitment to growing young Emirati talent and to investing in a dynamic and engaged relationship with the Foundation throughout the organisation's transition. In 2012, Emirates Foundation underwent a transition from being a grant making institution into an operational one using the model of venture philanthropy to deliver sustainable social impact.