By Arabia Higher Ed Staff
AUB President Fadlo Khuri announced on Monday the receipt of the single-most generous gift ever made to the University, presented by the Semaan Foundation. Representing the Foundation, Nour Semaan commented on the hopes and dreams of her father, Trustee Maroun Semaan, that, “Lebanon can resume its avant-garde role in the enlightenment and development of the region by contributing to the revolution in technology and modern sciences."
This gift, she explained, would help AUB educate “future generations of students who will serve the needs of Lebanon and the rest of the Middle East.”
The Foundation's record-breaking gift is designated to endowing and naming AUB's venerable Faculty of Engineering and Architecture; henceforth the Maroun Semaan Faculty of Engineering and Architecture. The money will be used to establish an endowment for the faculty.
The previous record-holder was a $32 million donation made by businessman Jamal Daniel and the Levant Foundation to the AUB Medical Center.
Mr. Maroun Semaan could not attend the event due to illness. He has been a trustee of AUB since 2013, and has spent most of his professional career at Petrofac, an oil field services provider. He began his career in the oil and gas industry in the Gulf, and has since focused his work on renewable energy, telecoms and real estate.