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English news

10-Jan-2019

Ministry of Education to build new schools as part of PPP framework

Saudi Arabia’s Ministry of Education and Tatweer Buildings Co. said that nine qualified investors will take part in the first phase of a public-private partnership program to build new educational facilities. In the first phase, the private sector will finance, build, and maintain 60 schools (33 in Makkah and 27 in Jeddah) on contract, according to Education Minister Hamad bin Mohammed Al-Asheikh. “This first project will follow a build, maintain, transfer (BMT) model and will comprise contracting with the private sector to finance, build and maintain 60 schools 33 schools in Makkah and 27 in Jeddah on contract. At least 57 companies applied to invest in the project, 22 of which are local and international firms and consortiums. Only five consortiums and four companies qualified, he added. 

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