Abu Dhabi, UAE — Aldar Education, the education arm of Aldar Properties, has announced a AED350 million ($95 million) investment to expand its operations into Dubai and Bahrain.
This investment adds to the initial commitment of AED 1 billion announced last year, Aldar said in a statement.
The investment will fund the establishment of Cranleigh Bahrain, the first branded premium school in Bahrain to offer a British International Curriculum, as well as the acquisition of Kent College Dubai and Virginia International Private School in Abu Dhabi.
Cranleigh Bahrain is scheduled to open in 2024 and will offer a co-educational education for students from Pre-Prep to Year 13. The school will follow the British International Curriculum, which is one of the most popular international curricula in the world.
The acquisition of Kent College Dubai and Virginia International Private School will expand Aldar Education’s presence in the UAE, the company said.
Aldar Education CEO Sahar Cooper said, “We are excited to expand our education portfolio into Dubai and Bahrain. These are two key markets with growing demand for high-quality education. We believe that our investment will help to meet this demand and provide even more families with access to the best possible education.”
The investment in Aldar Education is part of Aldar Properties’ broader strategy to diversify its business and become a leading provider of integrated real estate and investment solutions. The company is also investing in other sectors, such as healthcare, hospitality, and tourism.