PPP bids invited to build 60 schools
01 February 2018
Saudi government has invited tenders from leading regional and global companies for designing, constructing and maintaining 60 schools of different ranges – starting from kindergartens to secondary schools – in the Jeddah and Makkah regions of the kingdom, said a report.
The selection process is being done through Tatweer Buildings Company (TBC), a state-owned corporation that manages the kingdom’s educational projects.
As per the deal, the winning bidder would be awarded a long-term concession to design, build, finance and maintain facilities for 60 schools in the two Saudi cities, reported Reuters.
The upcoming tender, the first in a series, is for a public-private partnership (PPP) in which a private firm or consortium would be paid to build and then operate facilities over a period, before they are eventually transferred to the state, it stated citing the TBC.
Potential bidders are requested to express interest by February 7, it added.
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