Max,
The EK Ab Initio program is for Emirati's only, foreigners need not apply. From what I understand, the government pays for everything from cradle to cockpit but the student has to pay back in the form of giving 5 years to the company with pay if memory serves. Perhaps it has changed.
There was some talk about them opening a school for the "everyone else" group but its a heck of a lot of money up front with no guarantee of finishing the course and no promise of a job anywhere, including EK.
My best advice to you if you really want to fly a 777 is to become a famous actor or rock star then get your own aircraft for the band! Bruce Dickenson of Iron Maiden did that. I'm sure he gets about as many women and time off in both vocations!