📋 Tender Overview
Scope of WorkTo Develop Bloomfields Educational Zone.DescriptionEgyptian real estate developer Tatweer Misr has announced the signing of three final contracts worth EGP 3.2bn with three educational entities. The new contractual agreements included an international branch campus of the New Jersey Institute of Technology NJIT two Kings College schools and a Narmer American College all of which are located at the companys educational zone at Bloomfields. Additionally a partnership has been announced with the Commercial International Bank Egypt CIB and Colliers International to create due diligence on the educational zone. This aims to also attract more educational entities and investment funds with interest in education to launch at the educational zone. This comes in line with Tatweer Misrs optimistic plan to support the Egyptian Government in enhancing the educational ecosystem by the year 2030 and attract investors in diversified sectors. The new campus would be developed in three phases over 10 years with the first phase to be completed by September 2023. The educational zone is only catering to residents of Bloomfields and it shall host international branch universities and schools that would develop the educational system in Egypt the Middle East and North Africa.Bloomfields is a mixed-use project located in Mostakbal City and spans over an area of 415 feddan and has been designed to become the first college in the Middle East. The project which has seen total investments of EGP 23bn includes a residential commercial and administrative area which consists of 10700 units. Whilst Bloomfields covering 325 feddans the remaining 90 acres have been allocated as an educational zone with total investments of EGP 10bn over 10 years. The educational zone shall host GEN@Bloomfields the first entrepreneurial hub in Egypt the Middle East and North Africa. The signed contracts worth EGP 3.2bn are the first phase of investments in the educational zone which is scheduled to start its first operations by the end of 2023.The NJIT will open new majors for the first time in Egypt including Medical Informatics Concrete Technology and Construction Management Technology. Tatweer Misr also signed a contract with Rick Johnson of Kings College for a partnership that entails establishing two schools which come as the first Kings College campuses in Egypt. The project is worth EGP 800m of investments and will hold a student capacity of 3000 students. Additionally another contract was signed with Cofounder of Narmer American College to establish a branch of the school at the educational zone. Narmer American College will invest EGP 400m in the new branch which has a student capacity of 1800 students.
