Next round in PPP school tenders to be launched this month

Next round of PPP school tenders to be launched this month with only four remaining bidders: The government plans to announce the next stage of the tender to develop and run 200 public-private partnership schools this month, sources tell Al Borsa. Four companies had qualified to submit their financial offers for the schools, including Middle East Education Services Group and a joint bid from Egypt’s Gezira Academy and Saudi Arabia’s Madinat Al Oloum. Offers are expected to be reviewed this week by state-owned investment bank NI Capital. We noted back in October that 10 companies had submitted bids, but a number of major players had backed out of the key project, including arms of Orascom Construction, Carillion and BPE Partners.