Client approved the construction of the educational complex. The estimated total BUA of 15,300 sqm, with a capacity of 2,000 students. The project include construction, air conditioning, elevators, theatres, furnishing, as well as the technical devices, and they will start operations as of the academic year 2024/2025. These fall under the company's growth strategy to generate returns. Work is expected to begin in Q3 2023 and the projects will be financed from the company's internal resources as well as bank facilities. Construction works are expected to be finalized in Q4 2024, with the relevant financial impact to start as of launch of operations in Q1 2025. Bani Limited Co. as been awarded the main contract in this project. Several suppliers will be contracted for furnishing the educational complexes at a later stage.
Construction work is currently in progress.
Construction work is currently in progress.
March
02
2024
Saturday
LAST UPDATED
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