NBC, $136m Madaares
United Arab Emirates: Saturday, July 08 - 2006 at 10:33
The National Bonds Corporation has launched Madaares, its $136.2m private joint stock company created to raise educational standards throughout the UAE and the wider region. The NBC will head up the project which combines 150 shareholders, including strategic corporate investors and individuals. The initiative, announced earlier this year, aims to open 14 primary and secondary schools over the next 5 years, and up to 20 by 2014.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, July 08 - 2006 at 10:33 UAE local time (GMT+4)
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