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    Home » Sobha Realty Pledges AED500 Million to Arab Reading Challenge Endowment – Business – Economy and Finance
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    Sobha Realty Pledges AED500 Million to Arab Reading Challenge Endowment – Business – Economy and Finance

    Kuwaiti TribuneBy Kuwaiti TribuneOctober 24, 2025No Comments5 Mins Read
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    Within the presence of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Sobha Realty introduced a contribution of AED500 million for an endowment supporting the Arab Studying Problem initiative.

    The initiative goals to advertise studying, studying, and information acquisition as an expression of cultural id and a each day behavior amongst college students, and to strengthen the standing of the Arabic language as a vessel of thought and tradition and a core element of id.

    It additionally advances the mission of the Mohammed Bin Rashid Al Maktoum World Initiatives (MBRGI) to create a optimistic affect in Arab societies and the broader cultural panorama, and to empower new generations to hold ahead the Arab civilisation.

    Sobha Realty’s contribution was introduced throughout the signing of an settlement by His Excellency Mohammad Al Gergawi, Secretary-Basic of the Mohammed Bin Rashid Al Maktoum World Initiatives, and PNC Menon, Founder and Chairman of Sobha Realty, throughout the ceremony to mark the crowning of the 2025 Arab Studying Champion, held on the Dubai World Commerce Centre immediately.

    The contribution will allow the Arab Studying Problem, which operates below the umbrella of MBRGI, to proceed the profitable journey it started in 2015 because the world’s largest Arabic-language studying competitors.

    Underneath the settlement, Sobha Realty will develop an endowment in Dubai, with all proceeds directed to the Arab Studying Problem initiative. The funding will assist the Arab Studying Problem initiative’s strategic plans to develop information and cultural programmes, Arabic-language preservation tasks, and initiatives that empower younger Arabs to pursue information and fashionable sciences, profit from humanity’s achievements throughout fields, and assist construct a greater Arab future.

    Inspiring changemakers

    His Excellency Mohammad Al Gergawi mentioned that the Arab Studying Problem continues to make vital strides in its efforts to unfold information and protect the Arabic language, reflecting the imaginative and prescient of His Highness Sheikh Mohammed bin Rashid Al Maktoum to undertake long-term planning that goals to encourage new generations of Arabs to learn and create, establish and nurture promising expertise, and supply a mannequin studying surroundings that allows college students to hone their talents and play an lively function in driving actual change throughout Arab societies.

    His Excellency Al Gergawi mentioned: “Sobha Realty’s contribution displays the group’s distinctive engagement with efforts made by the UAE and MBRGI to equip new Arab generations with information, fashionable instruments, and a transparent imaginative and prescient for constructing an Arab future rooted in tradition and studying. These efforts will open the door huge for Arab college students to attain their educational {and professional} ambitions and to play an influential function in constructing their nations.”

    Noble purpose

    PNC Menon mentioned: “We’re excited to be among the many contributors to the Arab Studying Problem initiative, serving to it obtain its noble purpose of nurturing educated, knowledgeable generations who recognise that buying information is crucial to educational and life success. Our assist stems from our dedication to social accountability and displays our willpower to face by each scholar and make it simpler for them to entry information throughout all fields. We look ahead to this endowment enjoying a significant function in supporting college students and giving them the chance to hone their expertise and develop their potential.”

    Menon added: “Sobha Realty’s contribution builds on our shut partnership with MBRGI, and our shared dedication to creating a optimistic distinction in individuals’s lives. It displays each events’ agency perception within the significance of studying in college students’ growth and the necessity to align efforts and interact all segments of society to supply the suitable circumstances for brand spanking new generations to precise themselves, sustain with evolving studying strategies, and entry data shortly.”

    Momentous journey

    Over 9 editions, the Arab Studying Problem has attracted greater than 163 million college students, over 927,000 Arab college entries, and greater than 877,000 studying supervisors. Participation grew from 3.6 million college students within the first version to over 32 million within the ninth, which concluded on 23 October this 12 months, representing a rise of greater than 795%. The ninth version alone concerned over 132,000 colleges and greater than 161,000 supervisors from 50 international locations.

    A key milestone was reached on 18 December 2024, when the Arab League invited Arab schooling ministries to undertake the Arab Studying Problem as a curricular programme and assist its growth, recognising it as a number one information and cultural mission that strengthens Arabic as a vessel of Arab heritage and id.

    The Problem awards a complete of AED11 million yearly, bringing whole prizes since its 2015 launch to AED99 million, with AED500,000 for the general Arab Studying Champion, AED1,000,000 for the Greatest Faculty, AED300,000 for the Excellent Supervisor, AED200,000 for the Individuals of Willpower Champion, and AED100,000 for the Neighborhood Champion.

    The Arab Studying Problem was launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum in 2015 because the largest-ever Arab literacy initiative. It goals to advertise studying amongst college students throughout the Arab world and past, strengthen language expertise equivalent to comprehension and clear self-expression, and nurture younger Arabs’ love for the language and its on a regular basis use. It seeks to instill a long-lasting ardour for information and studying in new generations, equip them with the instruments to create a greater future and construct their character. The problem additionally goals to form the values of younger individuals by facilitating publicity to the customs, beliefs, and traditions of different cultures.



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