The newly opened Emerald Palace Kempinski on the Palm Jumeirah played host on Tuesday night to a number of royal families, who convened to establish a philanthropic society that they say will serve those in need around the world.

Established by members of imperial dynasties, the aptly named Royal Institute said it would host cultural, social, academic, and philanthropic events under the patronage of its founders, in order to “preserve centuries-old honourable traditions.”

The Institute is expected to focus on humanitarian issues in developing countries. The amount of charitable money it would seek to raise was not disclosed.

H.R.H. The Crown Prince Davit of Georgia is a Founder member of the Royal Institute together with other Heads and members of 12 royal and Imperial houses.