Global engineering firm, AECOM announced in a statement that the start of Wave 1 of the Schools Infrastructure Development Public Private Partnerships (PPP) Project in Saudi Arabia. The project will expand the country’s educational infrastructure and prepare for significant future demand.
AECOM is Technical Advisor Lead for Tatweer Buildings Company (TBC), a subsidiary of the Public Investment Fund in KSA, who are tasked with facilitating the funding, construction, supervision, management, operations and maintenance of new schools in the Kingdom of Saudi Arabia on behalf of the Ministry of Education (MoE), in the region’s first PPP.
The Ministry of Education, Saudi Arabia signed the first group project contract with Tatweer Buildings Co. for Wave 1 Schools Public-Private Partnership (PPP) Project during November 2020 (read more)
Situated in the western region with 27 new schools to be built in Jeddah and 33 schools in Makkah, the Design & Construction phase for Wave 1, marks a significant milestone for KSA, with a heavy focus on sustainability it will eventually provide schooling for 50,000 pupils.
The PPP’s ‘Build Maintain Transfer’ model will be applied across all three Waves with the first of the schools opening in Jeddah in August 2022.
“With a planned roll-out of up to 4,000 schools we are thrilled to be at the forefront of KSA’s first schools’ PPP” said Ian Laski, Chief Executive and President of AECOM Arabia.
HSBC, Allen & Overy and Khoshaim & Associates will be other advisers involver for the project.
As long-term partner’s for TBC we are honoured to be able to continue our work in this Vision 2030 project and we’re now looking forward to starting the process again for Wave 2 and Wave 3.” statement said.
Wave 2 procurement is now underway and will see the holy city of Al Madinah receiving 60 brand new schools, housing a further 50,000 pupils, transforming its educational infrastructure by 2024.
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