ADEC receives bids from 29 investors for schools
Education regulator says that 25 investors have already taken advantage of land allocations
The Abu Dhabi Education Council (ADEC) has said 29 investors have submitted bids last month for four available plots in al Falah, Baniyas, Khalifa B and al Shahama areas to build new private schools in the UAE capital.
Since the education regulator has started allocating lands, 25 investors have taken advantage of the offer, said Tareq al Ameri, manager of Promotion and Business Development at ADEC.
The lease costs 10 fils per square foot for 30 years, Al Ameri said, noting that the land size varies between 16,000 and 27,000m2.
The land allocation at low-cost rent is part of a long term plan by ADEC to encourage investors to build a high-quality purpose-built facility that offers good educational standard for the low-income community, Ameri added.
