Aldar Properties (Aldar) has announced plans to invest AED1 billion ($272 million) into Aldar Education, its wholly owned subsidiary, and the largest premium school operator in Abu Dhabi.
With 80 percent of the investment already committed and planned for deployment over the next three years, Aldar will diversify its education portfolio and expand its offering to widen the choice of quality education for students in Abu Dhabi, the firm said.
نحن سعداء بإعلاننا عن إستثمار مليار درهم في #الدار_التعليم، حيث سيمكننا هذا الاستثمار من تنويع محفظتنا التعليمية في أبوظبي.
We are pleased to announce our plans to invest AED 1 billion into Aldar #education, which will enable Aldar to diversify its education portfolio pic.twitter.com/JA1SZ7Ydmi— ALDAR (@AldarTweets) February 3, 2022
Aldar Education currently owns nine schools under Aldar Academies and Cranleigh Abu Dhabi and manages a further 11 schools.
Through this investment, Aldar aims to increase the existing student capacity in Aldar Education’s owned and managed schools to over 40,000 seats by Academic Year 2024-25.
Aldar Education is looking to achieve this through a mix of greenfield and school acquisition opportunities in the premium and mid-market segments, all aimed at strengthening the choice and educational experience available to students in Abu Dhabi.
Talal Al Dhiyebi, Group Chief Executive Officer at Aldar Properties, said, “This latest investment will help us make notable progress in this direction and it also makes financial sense for a business that is of huge strategic importance to the Group.”
Aldar’s growth plan is focused on enhancing Aldar Education’s offering in three main locations in Abu Dhabi: Khalifa City, Saadiyat Island and Yas Island.
