The BESIX-Plenary Group consortium has achieved financial close on the Khalifa City School project in Abu Dhabi, UAE.

The project utilizes an augmented procurement framework within the Zayed City Schools PPP, led by the Abu Dhabi Investment Office (ADIO). This approach is a regional first for school infrastructure procurement. The project includes the design, construction, financing, and 18-year operation of a new campus in Khalifa City, which will serve 3,380 students.

ADIO, in collaboration with ADEK and the BESIX-Plenary Group consortium, led the project augmentation. BESIX-Plenary provided a cost-effective solution, achieving commercial and financial closure. Plenary and BESIX each provide 50% equity financing, with debt from banks like Abu Dhabi Commercial Bank, HSBC, Intesa Sanpaolo, and Norinchukin. The school is expected to be completed for the 2026 academic year.