US consortium has won a $3.46 billion contract to build 3,000 schools in Saudi Arabia under a foreign investment build-operate-transfer scheme, AME-Info news service reported.
The members of the American consortium; SGI Global, AIG, STE2EP and Dowd, Sanford and Mazza, will form a new company, Educational Utilities Development, said the report.
The Saudi Arabian General Investment Authority told AFP that “this was the largest foreign investment in the Arab World, and hoped it will encourage more investors,” it added – Albawaba.com
