Ministry of Economy Presents Investment Opportunities for Development of Private Schools

The Technical Committee for Social Development to Stimulate Participation of Private Sector in the Economic Development Projects of the Ministry of Economy and Commerce in coordination with the Ministry of Education and Higher Education announced on Saturday the launch of investment opportunities for the development of private schools in Qatar. 
The project, aimed at offering investment opportunities to develop and operate private schools, comes within the framework of the State's commitment to support and stimulate the private sector to participate in economic development; encourage investment in education sector as well as to take advantage of all possibilities for the establishment of integrated educational projects and achieve the added value of the national economy. 
11 land parcels, with an area of 15000 square meters per each, have been allocated for projects in several areas, such as Umm Qarn, Al Dhamma, Al Wakir area, Al Ab, Al Thamid, Al Khor, Smaisma. 
The initiative to allocate land for the private sector to invest in education aims to provide quality education by improving the infrastructure to support the quality of training and education and also to accommodate international students over the coming years, the Committee added. 
It also intends to establish diversity in education through the opening of distinguished schools, as well as the recruitment and preparation of a highly qualified workforce in education, it stressed. 
The general policies of the tender are in place, the Committee said, noting that the exploitation of these lands will be offered to the private sector through the public tender system according to the provisions of the Tenders and Bids regulatory law issued by Law No. (26) of 2005 and its amendments. 
The investor shall provide a temporary guarantee of QR 300,000, it said, adding that the deadline for submission of bids is Sunday, 18 June 2017. 
A technical team will be formed from specialists of the Ministry of Economy and Trade and the Ministry of Education and Higher Education to evaluate the offers submitted by investors. The projects will be managed according to design, construction, financing and operation contracts for the educational institution (DBFO). 
In accordance with Article 2 of Law No. (13) of 2000, all local and foreign companies will be allowed to regulate the investment of non-Qatari capital in the economic activity by entering the tender. 
The investor who achieves 70% and higher in the evaluation criteria will be eligible and one investor will be selected for each land parcel.

Source: QNA