Saudi Arabia seeks interest for schools PPP project

17 January 2018
First wave of national education initiative entails procuring 60 schools that are located across Jeddah and Mecca

Saudi Arabia’s Tatweer Buildings Company (TBC) has invited firms to express interest by 7 February for the contract to design, build, finance, maintain and transfer 60 schools located in Jeddah and Mecca.

The request comprises  the first wave of the kingdom’s national schools public-private partnership (PPP) programme, where it plans to procure a total of 300 schools across the kingdom.

The 60 schools included in Wave 1 are kindergartens, elementary, intermediate and secondary.

MEED understands the schools will be leased to TBC by the Education Ministry, with the ministry providing the education services.

The school sites are expected to feature multipurpose halls, facilities to accommodate children with special needs, catering facilities and specialist teaching areas, among others.

The document says that the “developer or developers forming a consortium would look to develop a third party revenue generation model for any facilities such as the sports facilities when not in use by the MOE.”

TBC said an investor conference is scheduled during the expression of interest (EoI) phase.

UK-based HSBC and US’ Aecom are providing TBC financial and technical advisory services, respectively, for the project, while UK’s Allen & Overy and local Khoshaim & Associates are the legal advisers.

 

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