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Wednesday, 28 September 2016

230 companies apply to build PPP schools

Over 230 companies have applied to participate in a project to build schools under a PPP system, head of the PPP unit at the Finance Ministry told Al Borsa. Several Kuwaiti, Saudi, and Emirati companies were among the applicants, he added, noting that the deadline, set to expire next week, has been extended to October 20. The first phase of PPP projects will include 200 schools with each company building a maximum of 12 schools and a minimum of three. The Finance Ministry had chosen NI Capital as its financial advisor, and Sarie Eldin & Partners as legal advisor.

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