Bahrain approves plans for new university

  • Category: Bahrain
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Villamar ManamaOfficials on Tuesday approved early plans for a new Bahrain University campus in Muharraq.

Negotiations are reportedly under way with landowners to acquire a suitable plot of land for the campus, with Diyar Al Muharraq named as a possible location.

Bahrain has been working to accommodate a predicted surge in numbers of students seeking higher education.

The proposed campus is to be paid for the government with the necessary funding set out in Bahrain’s 2017 budget.

"When we heard about the proposal presented by MPs, before we officially received or discussed it, I ordered a study to be conducted by Bahrain University [into the feasibility and need for a new campus] and the positives outweighed the negatives,” Dr Majid Al Al Nuaimi, university chairman, education minister and Shura Council affairs minister was quoted as saying in the Gulf Daily News.

He reportedly added: “We have two campuses now – the main one in Sakhir and the College of Engineering in Isa Town, which we will have to move so that Bahrain Polytechnic can incorporate it as part of its facilities.

“Muharraq is our destination for a new campus, but we have not yet selected the location. There are bids for several and we will select the best, ask the government to buy it and then prepare designs.”

Dr Waheeb Alnasser, Bahrain University’s vice-president for planning and development was quoted as saying the new campus will offer 15 Bachelor programmes, 172 lecturers and accommodate 4,000 students.

The site required is 27,300m2, comprising education and recreational facilities, restaurants, a mosque, library and rest area.

“We have received the lowest offer from the investors of Diyar Al Muharraq, who offered BD8 per foot, as they want to urbanise their project, attracting people to live there and conduct business,” said Alnasser.

Article Site : Construction Week Online

Bahrain's Investcorp says to buy US education provider

  • Category: Bahrain
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NEWInvestcorpofficeimageInvestcorp has agreed to buy a United States schools provider, said the Bahrain-listed alternative investment fund.

The deal to acquire Nobel Learning, a major private education firm in the US with a network of 176 schools, is in partnership with Mumtalakat, the investment arm of the Bahrain government, Investcorp said in a statement. It did not reveal the value of the deal.

This is Investcorp's second US purchase this month. On March 17, it announced it had bought a portfolio of residential properties for around $300 million.

Investcorp is expanding into other sectors after becoming known globally for investing in luxury goods brands, such as Gucci and Tiffany & Co.

In the last year, it has bought into accessories firm Totes Isotoner and software and services firm PRO Unlimited in the US, plus Italian protective clothing maker Dainese.

Article Source: Arabian Business

Bahrain's GFH inks deal for $103m university at Tunis project

  • Category: Bahrain
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BehrainGFH, the Bahrain based financial group, has announced that three leading US universities have agreed to establish a new $103 million American University at the $3 billion Tunis Financial Harbour (TFH) project.

The initiative is being launched by US-based Clayton State University, Savannah State University and Michigan State University in partnership with University Montplaisir a local Tunisian university.

Plans were announced at a press conference held in Tunis, which was attended by representatives from Tunis Bay Project Company and the partnering universities involved, a statement said.

The development of the university community, is intended to span over 5 hectares, and is scheduled to start in 2017 with an expected completion date of 2020.

The project will be financed by the US universities involved as well as a group of local banks and high net worth investors.

TFH is a  mixed use development launched in 2008. It is being built across 523 hectares and aims to be the first world class offshore financial centre in North Africa.

In addition to a business hub, TFH has been master planned to serve as a modern urban environment where residents and their families can live and work.

Once fully developed, TFH will feature residential and retail spaces, an 18 hole championship golf course, a beach community, souk, education facilities, hotels, financial centre, marina and shopping malls which all together will create more than 16,000 jobs and accommodate 110,000 residents.

Lotfi Ezzar, CEO of Tunis Bay Project Company, said: "We're delighted to announce that this exciting development will take place at Tunis Financial Harbour. This investment by three leading American universities underscores the important strategic position of TFH and the value that this project is adding to the local and surrounding economies.

"The establishment of this top tier university in Tunis will support efforts to further diversify the economy, build on the country’s strong foundations and create jobs and opportunities for Tunisians and others across the region."

Source: Arabian Business

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