The grant was a result of an agreement reached between Mr. Riad Kamal, Chairman of the Welfare Association Resource Development Committee and Chairman of Arabtec Construction Company, and Mr. Abdul Hamid Baassiri, Chairman of A.H.B group investments and Chairman of Fortune International Trading Company LLC in the United Arab Emirates and representatives of LG Electronics of South Korea.
The Fund will support Palestinian-led efforts to improve quality education and learning by providing small-sized grants to Palestinian institutions pioneering creative and innovative efforts in the education sector.
In 2007, LG Fund's will be dedicated to projects and programs which contribute to improved quality of learning in schools by promoting the development, testing and strategic dissemination of educational methodologies, practices and resources.