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QNA
Doha
The Ministry of Economy and Commerce (MEC) on Saturday opened up opportunities for investors to engage in development and operation of private schools in the country.
Eleven 15,000-square-metre plots in areas including Umm Qarn, Al Dhamma, Al Wakir, Al Ab, Al Thamid, Al Khor and Smaisma have been allocated to the scheme, a statement from technical committee under the MEC said.
General policies of the tender are in place, the committee said, noting that these plots will be offered to the private sector through the public tender system, as per 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 QR300,000, it said, adding that the deadline for submission of bids is June 18, 2017.
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 percent and higher in the evaluation criteria shall be eligible and one investor will be selected for each plot.
The project comes within the framework of Qatar's commitment to supporting and stimulating the private sector to participate in economic development; encourage investment in education sector and to take advantage of all possibilities for the establishment of integrated educational projects.
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. It also aims to accommodate international students over the coming years, the committee added.
