The schools offer IB, Cambridge education with an average annual fee ranging between $12,000 and $25,000.
An India-based JV is expected to invest $1 billion to acquire at least 12 to 15 schools across the UAE and other countries in Asia.
According to The Times of India, the Hyderabad-based firm is investing within the next three years in Bahrain, Oman, Vietnam, Malaysia, Thailand and the Philippines.
“We are in the advanced stages of discussion with the first batch of schools and are likely to close them soon,” The Times of India quoted the co-founder Jasmeet Chhabra.
“Dubai alone has over 280 of these schools that have students from India, Russia, Ukraine, Pakistan along with kids of the local expatriate population,” he added.
Accordingly, these schools offer IB, Cambridge education with an average annual fee ranging between $12,000 and $25,000.
The JV’s current portfolio includes schools in India such as the Jain Group of Institutions.
“As part of our model of investment, we will buy the infrastructure from the current owner and collect a lease amount on it,” explains Chhabra. After which the day to day functions are handled by international operators.
“As we see it, once the burden of infrastructure is taken off the shoulders of the school operator, it makes more money available for investing in the institute,” he added