April 2021, TBC, the state-owned company wholly owned by the Public Investment Fund (PIF), and the implementing arm of the Ministry of Education projects, has made remarkable progress in its ongoing projects.
The most notable project of this month has been the inauguration of several TBC’s early childhood projects by His Highness Prince Jalawi bin Abdulaziz bin Musaad Al Saud, Governor of Najran Region. The main project of the initiative is Yidamah School across the region, with 41 schools providing 100 classrooms in total, accommodating more than 2000 male and female students.
In a similar vein, the Director-General of Education in Taif inaugurated the Early Childhood Building in Al-Faisaliah with the refurbishment works fully completed. He toured the building that was implemented by TBC and was showed around the associated facilities and equipment, accompanied by his assistants coupled with several TBC officials and engineers.
Equally important, TBC also signed in April a 35-year investment contract in an educational facility (underway) with the National Building and Marketing Company for a 25-year term.
The building is in Riyadh, Granada district, with a total area of 10.000 m2. According to the contract, the National Building and Marketing Company will complete the construction of the educational facility under the technical specifications and will operate it by the list of standards of private schools.
The company will fund the contract from its resources. Upon signing the contract, it has paid the rental value for one year in advance, and the lease payment will resume after 3 years from the date of signing the contract.
In the same vein, TBC also signed the fifth contract with ZOHOR AL-TOFOULA Company, aiming to establish an educational complex for boys and girls in the Riyadh region.
The Director-General of Education in the eastern region has made field visits in April to several educational projects entrusted and mandated with TBC. Also, the Governor of Wadi Al-Dawasir, accompanied by the Regional Director of TBC in the southern region, launched the buildings of the Early Childhood and Kindergarten initiative in Wadi Al-Dawasir Education.
The Director of Education in Hafar Al-Batin, in the presence of the Executive Director of the Regional Office of TBC in the eastern region coupled with several officials, met with the President of the Chamber of Commerce in Hafar Al-Batin and members of the Chamber's Private Education Committee. They discussed avenues of cooperation between the two sectors.
Of great note, TBC started its business in the first quarter of 2013; TBC is mandated and entrusted with implementing the projects of the Ministry of Education, hence TBC is mainly tasked with providing a safe, high-quality, and advanced educational environment.