Education in the Arab region and Asia is steaming hot but a boiling point is not yet in reach. Madaares, a private joint-stock company with a start-up capital of AED 500 million ($136 million) announced in 2007 plans to open 20 schools in the Middle East, including 14 over the next five years, based on its assessment that between 1999 and 2004, the number of students in the UAE increased by over 74,000, which is in excess of what the 100 new schools there could absorb. In 2006, global real estate developer Emaar Properties acquired Singapore-based Raffles Campus, a leading education provider with campuses in Singapore, Indonesia, Hong Kong, China and Vietnam. Abu Dhabi real estate developer ALDAR opened the Pearl Primary School in September 2007, the first of the company’s 20 new schools planned for the next five years.

By Staff

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