Aldar boosts investment in education portfolio to $368m

Aldar boosts investment in education portfolio to $368m

Image courtesy: WAM

UAE’s Aldar Properties will invest over $95.3m (Dhs350m) in its education portfolio, in addition to the initial Dhs1bn commitment that was announced in 2022, as the property firm expands its reach into Dubai and Bahrain.

The developer said the expansion plan includes the establishment of Cranleigh Bahrain by Aldar Education, its education business. Cranleigh Bahrain will be the first branded premium school in the country that offers British International Curriculum when it opens in 2024.

“This represents a significant milestone for Aldar Education as it expands its reach beyond the UAE and brings its renowned high-quality education standards to Bahrain,” Aldar said in a bourse filing.

The increased investment also includes the acquisition of Kent College Dubai and Virginia International Private School in Abu Dhabi – two well-established education institutions in the UAE.

The acquisition of Kent College Dubai, which is subject to regulatory approvals, represents Aldar Education’s first entry into the emirate’s education sector while Virginia International Private School will grow the company’s presence, reach and offering in Abu Dhabi.

Aldar expands its education portfolio with a massive AED 350 million investment in Aldar Education, to acquire Kent College Dubai and Virginia International Private School Abu Dhabi. pic.twitter.com/mHRSR9H7pP

— ALDAR (@AldarTweets) July