Society
5.27.2019
Saudi Arabia invests in public schools
The Saudi government will invest over $500 million into the education sector to build complexes for public schools. In total, no less than 30 institutions dedicated to students will be built in Dammam, Jeddah, and Riyadh.
Earlier this year, the Saudi Minister of Education, Dr. Hamad bin Mohammed Al-Asheikh, insisted that the Kingdom is making efforts to improve the quality of its education infrastructure. They are being true to their word, as the Ministry, represented by the government-owned company Tatweer Buildings, has just signed agreements with the real estate firm Al-Mabani Real Estate, with the purpose of building infrastructures for students.
A two-phased operation
The project, which targets some 90,000 students in the main urban centres – Dammam, Riyadh and Jeddah – will be carried out in two phases.
The first, in the short term, is to install ten buildings across these three cities, with a total capacity of 30,000 students. It represents an investment of $213 million and is expected to end in 2022. The second, with a longer-term horizon, plans to install 20 additional structures, for a capacity of 60,000 students.
King Abdulaziz University’s faculty of law. Crédits : Yaser Abdulmagid / Flickr
“Developing the public school sector”
“These agreements represent opportunities for investors who would like to build and operate first-class educational infrastructure with state-of-the-art designs,” said Tatweer Buildings CEO, Fahd Al-Hammad.
Al-Mabani’s Managing Director, Abdulrahman Al-Ahmed, has observed that the agreement was fully in line with the Ministry’s strategy to develop the public school sector.
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