Saudi Arabia announces preferred bidder for the Schools PPP Project

CountrySaudi Arabia

Tatweer Building Company (TBC), the execution arm of Saudi Ministry of Education, has announced the consortium of Ajyad Knowledge for Education and Training and Al Bawani Company as the preferred bidder for Wave 1 Schools Public Private Partnership programme. TBC said that the Wave 1 of the PPP programme will see the funding, design and building and facility management of 60 schools on the Build, Maintain and Transfer (BMT) model. These schools will accommodate more than 50,000 students in the cities of Makkah and Jeddah. According to TBC, the construction phase of the project will be for three years, followed by 20 years of maintenance provided by the private sector. The Ajyad Knowledge and Al Bawani consortium was selected as it delivered the best financial offer of SR86 million (average annual equivalent price) for more...