Deal to develop US$ 50mn K-12 school in Sharjah Sustainable City
The Sharjah Investment and Development Authority (Shurooq) has signed an agreement with SANAM Group to develop a new K-12 school in Sharjah Sustainable City.
The project, with an investment value expected to reach up to US$ 50mn over the coming years, will be developed on a 29,275sqm plot owned by Shurooq in Sharjah Sustainable City, located in Um Fanain / Al Ruqa Al Hamra. The school will follow the American curriculum and serve around 2,435 students from kindergarten to Grade 12 under a 35-year agreement.
The agreement was signed by Yousif Al Mutawa, Chief Real Estate Officer of Shurooq, and Dr. Sulaiman Tareq Al Abduljader, Vice Chairman and CEO of SANAM Group.
Strengthening education infrastructure
The new school will add key education infrastructure to Sharjah Sustainable City, one of the emirate’s leading residential communities designed around sustainability, family living and integrated services.
The project supports Shurooq’s efforts to activate strategic land assets through long-term partnerships that respond to the needs of Sharjah’s growing communities. By bringing a full K-12 school into Sharjah Sustainable City, the development will provide families in the area and surrounding neighbourhoods with access to quality education close to home.
Important component
“Education is one of the most important components of a complete residential community, and this school will support families, enhance quality of life and contribute to the development of a more connected and liveable environment in Sharjah Sustainable City,” noted Al Mutawa.
“Our strategic partnership with Shurooq marks a pivotal step in advancing SANAM’s long-term vision for sustainable education investments that meet the aspirations of students across the GCC,” added Dr. Al Abduljader.
