Search

Saved articles

You have not yet added any article to your bookmarks!

Newsletter image

Subscribe to the Newsletter

Join 10k+ people to get notified about new posts, news and tips.

Do not worry we don't spam!

Sobha Realty Pledges AED500m to Arab Reading Challenge

Sobha Realty Pledges AED500m to Arab Reading Challenge

Post by : Badri Ariffin

In a landmark announcement made in 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 has pledged AED500 million to establish an endowment dedicated to the Arab Reading Challenge. The contribution, signed under the Mohammed Bin Rashid Al Maktoum Global Initiatives (MBRGI), aims to secure sustainable funding for the world’s largest Arabic-language reading competition.

The agreement was formalized during a ceremony at the Dubai World Trade Centre, coinciding with the crowning of the 2025 Arab Reading Champion. Representing the partners, His Excellency Mohammad Al Gergawi, Secretary-General of MBRGI, and PNC Menon, Founder and Chairman of Sobha Realty, signed the agreement, marking a new milestone in the region’s cultural and educational advancement.

Under the initiative, Sobha Realty will develop an endowment project in Dubai, with its returns dedicated to supporting the Arab Reading Challenge’s long-term goals — from promoting reading habits among students to empowering young Arabs to embrace knowledge, innovation, and culture as tools for progress.

Launched in 2015 by Sheikh Mohammed bin Rashid Al Maktoum, the Arab Reading Challenge has become a defining movement for literacy in the Arab world. Over 163 million students from 50 countries have participated in its nine editions, reflecting a remarkable 795% growth since inception. The competition rewards excellence with a total of AED11 million in annual prizes, recognizing students, schools, supervisors, and community champions for their achievements.

In December 2024, the Arab League officially encouraged education ministries to integrate the challenge into school curricula, acknowledging it as a transformative project that strengthens Arabic as a pillar of cultural identity.

With Sobha Realty’s historic endowment, the initiative gains a powerful boost — one that promises to keep the spirit of reading alive for millions of young Arabs, ensuring that the pursuit of knowledge remains at the heart of the region’s future.

Oct. 24, 2025 10:31 a.m. 1003

#Dubai

Most Americans Say Trump Profited Improperly, Poll Finds
Aug. 19, 2026 3:58 p.m.
A Reuters/Ipsos poll finds 63% of Americans call Trump crypto profits inappropriate, while 69% say business interests influence his decisions
Read More
BKE Accident: SBS Transit Bus Driver Among Three Hurt
Aug. 19, 2026 3:38 p.m.
Three people, including an SBS Transit bus driver, were taken to hospital after a multi-vehicle crash on the BKE in Singapore on Aug 19
Read More
RM1.74m Jewellery Stolen in Genting Highlands Heist
Aug. 19, 2026 3:30 p.m.
Three armed men robbed a goldsmith at SkyAvenue, Genting Highlands, stealing 81 jewellery pieces worth RM1.74 million before fleeing in a BMW
Read More
Pakistan SC Orders Imran Khan’s Transfer to Private Hospital
Aug. 19, 2026 3:18 p.m.
Pakistan’s Supreme Court has ordered Imran Khan’s transfer from jail to a private Islamabad hospital, citing concerns over his health and safety
Read More
Philippines School Shooting Leaves Student and Gunman Dead
Aug. 19, 2026 3:08 p.m.
A student shot and killed a classmate at a school in Zamboanga, Philippines, before taking his own life. Two others were injured in the attack
Read More
LandSpace Successfully Lands Zhuque-3 Rocket Booster in China
Aug. 19, 2026 1:14 p.m.
LandSpace successfully lands its Zhuque-3 booster, marking a major step for China’s reusable rocket technology and commercial space industry
Read More
Kuwait Customs Thwart Gold Smuggling Attempts by Two Indian Travelers
Aug. 19, 2026 12:50 p.m.
Kuwait Customs intercepted two Indian flyers to Ahmedabad, seizing 855g of 24-karat gold hidden in their accessories.
Read More
July Cargo Volume at Port of Los Angeles Hits Second-Highest Record
Aug. 19, 2026 11:38 a.m.
The Port of Los Angeles recorded 960,464 TEUs in July, driven by strong imports and rising consumer demand.
Read More
South Korea-US Drills Cut to Five Days Amid North Korea Tensions
Aug. 19, 2026 11:23 a.m.
South Korea and the US have cut joint military drills from 11 days to five, reducing field training after Trump ordered a major US participation cut
Read More