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Al-Ufuq Education signs 25-year land lease
Al-Ofoq Educational Company signed a lease agreement to acquire land in Al-Suwaidi neighborhood in Riyadh, with the aim of establishing and operating an educational complex called Al-Ofoq International Schools for the benefit of Al-Ofoq Educational Company. The annual contract value is 739,000 SAR, increasing by 10% every five years. The lease lasts for 25 years, with a two-year grace period. The project involves building an educational complex covering approximately 6,189 square meters, with the financial impact beginning once the project is operational. Any future developments will be announced accordingly.
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