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A unit of Academy of Learning Co has entered into a long-term lease agreement with Wujud Real Estate for the development of four model schools. The estimated investment for building these schools stands at around SAR 200 million. The move reflects the company's continued focus on expanding its education infrastructure through asset-light strategies such as leasing. The agreement also aligns with broader trends in the region, where private education providers are partnering with real estate firms to scale operations efficiently.
A unit of Academy of Learning Co has signed a long-term lease agreement with Wujud Real Estate for four model schools, marking a step forward in its expansion strategy within the education sector. Advertisement
The company stated that the estimated cost of developing these schools is approximately SAR 200 million. The investment will be directed towards building modern educational infrastructure designed to meet growing demand for quality schooling in the region.
The agreement indicates a structured approach where the real estate partner will support asset development, while the education provider focuses on operations. This model has been increasingly adopted across the Gulf region, allowing education companies to scale without heavy upfront land acquisition costs.
In recent years, Saudi Arabia has seen rising private sector participation in education, supported by policy reforms and population growth. Companies like Academy of Learning have been expanding their footprint through partnerships and long-term leasing arrangements to tap into this demand.
The collaboration with Wujud Real Estate is expected to strengthen the company's presence in the market by adding new institutions under its portfolio. It also reflects a broader shift towards integrated real estate and education development, where specialised developers play a key role in delivering ready-to-operate school facilities.
Source Reuters
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