BESIX announces the financial close of the Khalifa University Accommodation PPP Project, confirming that all funding has been secured and financing conditions met.
Operating under the banner of KUnnected Living, this project in Abu Dhabi represents a strategic collaboration between BESIX, Plenary Group, Mazrui International, and United Engineering Construction. This collaboration combines international infrastructure expertise, facilities management proficiency, and local UAE investment insight.
Following the success of the Zayed City Schools PPP project, this venture is another opportunity for industry leaders to harness the power of public-private partnerships (PPPs) to enhance Abu Dhabi’s social infrastructure.
As the Special Purpose Vehicle (SPV) and Facilities Management (FM) provider, BESIX is a co-sponsor and the largest equal equity investor alongside Plenary Group. Its technical, commercial, and financial expertise solidifies its leadership in PPPs in the region. Leveraging its engineering and construction expertise BESIX is committed to delivering a project that sets the highest standards for student accommodation. Its maintenance capabilities will ensure operational excellence over the 20-year facilities management period.
Khalifa University Accommodation is the largest student accommodation project in the GCC to be developed under a PPP model, covering 114,000 square meters on two sites and with a capacity of 3,260 beds. It prioritises individual ensuite rooms, green spaces, natural light, and student-centric amenities, ensuring an optimal living and learning environment. Comprehensive services, including student welfare provisions, will ensure a vibrant on-campus student living experience, alongside a rich and inclusive social environment, for local and international students alike.
With this milestone achieved, the project will move ahead with full momentum. Construction is scheduled for completion in time to welcome residents in Winter 2026.
