Raffles Campus is a leading educationalist with campuses in Singapore, Indonesia, Hong Kong, China and Vietnam. Upholding an integrated pathway model of education as one of its high points, Raffles Campus will manage over 100 educational institutions, which include nurseries, international schools, business schools and universities.
Emaar is planning to develop these educational institutions in central locations close to and within its master-planned communities in the UAE, the Middle East and North Africa (MENA) region as well as the Indian Subcontinent.
"Emaar's foray into the education sector is in line with the company's Vision 2010 of becoming one of the world's most valuable companies," said Mr Mohamed Ali Alabbar, Chairman, Emaar Properties. "Emaar's initiatives in this respect will be focused on providing world-class standards of education through a bouquet of need-based curricula that are internationally benchmarked. The acquisition of Raffles Campus underscores Emaar's commitment to delivering international teaching expertise across all our educational institutions, as a response to the growing demand for world-class education in our key markets."
Already on an international expansion path through the creation of master-planned communities in Saudi Arabia, Syria, Morocco, Turkey, Tunisia, Egypt, India and Pakistan, Emaar will build its educational institution portfolio by opening international schools that meet the strong demand of residents within its projects, as well as the general public in the region, for world-class education.
Raffles Campus is registered with the Singapore Ministry of Education in Singapore and holds the award of the SQC for PEOs (Singapore Quality Class for Private Education Organisations). Raffles Campus will offer three streams of internationally recognized curricula - International Baccalaureate, American Diploma and the International General Certificate of Secondary Education - all of them to be provided in Emaar's network of international schools.
Raffles Campus works towards the holistic development of children from nursery to senior level with a balanced focus on classroom courses, personality development and athletic and cultural activities. It has a solid track-record of assuring academic excellence in a creative learning environment.
Emaar's education initiatives will be spearheaded by Mr Boon Yew Ng, Chief Executive Officer of Emaar Education. "Raffles Campus brings to Emaar a global network of world-class educational expertise," he said. "The multicultural, multi-campus environment of the Raffles Campus network also offers students anywhere in the world the option and flexibility of Raffles Campus 'Student Immersion Exchange' programmes," added Mr. Ng.
Raffles Campus has unique exchange programmes for both students and teachers. "The world is becoming a smaller place, with global citizenship on the rise. The opportunity to live in a different country and culture will allow our students and teachers to develop a global outlook and be better equipped to meet the challenges of the modern world. The bonds and network built through exchange programmes will also help our students and teachers in every Raffles Campus educational institution around the world feel that they are part of one global education institution," said Mr Ng.
Emaar's Raffles Campus educational institutions will have an international pool of teachers with many faculty members to be hired locally and trained by the educational experts at Raffles Campus. The schools will feature advanced educational tools including modern laboratories and a range of sporting and recreational facilities such as swimming pools, tennis courts and soccer grounds.
Apart from education, Emaar has also announced ventures in the healthcare, retail and hospitality sectors.
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Emaar acquires Singapore-based 'Raffles Campus' to provide world-class education
- United Arab Emirates: Tuesday, September 26 - 2006 at 11:14
- PRESS RELEASE
In a landmark diversification drive, global real estate major Emaar Properties ('Emaar') through its wholly owned subsidiary Emaar Education, has acquired Singapore-based Raffles Campus Pte Ltd., ('Raffles Campus') a premier education provider, to surge ahead with its projects in the educational sector.
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About Emaar Properties PJSC:Emaar Properties, the Dubai-based Public Joint Stock Company and one of the world's largest real estate companies, is listed on the Dubai Financial Market and is part of the Dow Jones Arabia Titans Index. The company recently announced that its net profits for the half year ended 30 June 2006 reached AED 3.053 billion (US$831 million) - a significant gain of 21 per cent over the first-half 2005 results of AED 2.533 billion (US$690 million) -
reflecting the remarkable growth the company has gained since its inception in 1997.
With more than 14,000 homes handed over to customers, Emaar has several major real estate projects under various stages of development in Dubai. Emaar is marching ahead with the construction of its AED 73 billion (US$20 billion) Downtown Burj Dubai mixed-use development that encompasses Burj Dubai, the world's tallest tower when completed in 2008.
The company has joint ventures and projects across the region covering Saudi Arabia, India, Egypt, Turkey, Morocco, Bahrain, Syria, Jordan, Pakistan, Lebanon and Tunisia. In Saudi Arabia, Emaar is developing the US$26.6 billion (SR100 billion) King Abdullah Economic City, the single largest private sector project in the Kingdom.
Emaar also entered the US market by acquiring John Laing Homes, the second largest privately held homebuilder in the U.S. for AED3.856 billion (US$1.050 billion). Emaar joined hands with The Turner Corporation, a leading international building services provider, to form a new entity, Turner International Middle East Ltd (Turner International ME) to jointly tap regional growth opportunities.
In a move that scaled up its core competency in product sales across the international arena, particularly the Western hemisphere, Emaar acquired Hamptons International, the UK-based subsidiary of premier property developer Wheelock Properties (Singapore) Ltd in a deal worth AED 562.45 million (US$153.05 million).
Last year the property developer announced plans to aggressively expand the retail sector with investments of over AED 15 billion (US$4 billion) to develop approximately 150 malls in the larger emerging markets of the Middle East, North Africa (MENA) and the Indian subcontinent. In addition, Emaar has teamed up with Giorgio Armani S.p.A to build and manage 10 Armani hotels and resorts across the world; an Armani hotel will feature in Emaar's flagship Burj Dubai tower.
Emaar's education initiative will involve the establishment of international schools in the MENA region and India, which will offer premium quality education and an integrated curriculum for students ranging from kindergarten to tertiary levels. Emaar's healthcare diversification will see the company invest around AED 18.35 billion (US$5 billion) over the next decade in the MENA and South Asia markets with the construction of hospitals, clinics and medical centres and the investment in the provision of world-class healthcare services.
Emaar has diversified into related business lines to further build value for its shareholders, which includes the Government of Dubai. Emaar owns and manages EMRILL, a joint venture with the UK-based Carillion which provides innovative property and facilities management services. Emaar also holds 30 per cent equity in Dubai Bank, focused on retail and commercial banking and is the majority shareholder in Amlak Finance, UAE's leading Islamic home financing company.
About Raffles Campus Pte Ltd.
Raffles Campus Pte Ltd. ("Raffles Campus" or the "Company") is a leading educationalist with campuses in Singapore, Indonesia, Hong Kong, China and Vietnam. Raffles Campus offers academic, professional and vocational programmes, English language programmes and executive programmes in its campuses. Raffles Campus partners reputable education institutions such as Upper Iowa University and Raffles Knowledge, the training arm of Raffles International Hotels, for some of its programmes. For more information, visit www.rafflescampus.com.
For further information, please contact:
Kelly Home / Nedal Alassad
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide in Middle East & North Africa
Tel: (+971 4) 335 5969; Fax: (+971 4) 335 6080
Posted by Anne-Birte Stensgaard, Senior News EditorTuesday, September 26 - 2006 at 11:14 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Mon May 28 2007.
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