What are the company's key strategies to implement its activities in a commercial and sustainable manner?
Saudi Arabia has pursued a path of continual economic reform and development over the past decade. Investment and policy reforms have led to a massive expansion in infrastructure in different areas, resulting in the growth of all major sectors for the Kingdom, leading to the general wellbeing of the Saudi citizens. The rapid growth of the population of Saudi Arabia required an establishment of a specialized project management company, namely TBC, to undertake major efforts in addressing the challenges that are faced in providing high-quality buildings services for the education sector in the Kingdom. TBC's scope is defined to serve the whole general education sector, providing full PMO/PMC covering planning, design, construction, and facility management services for new buildings with a qualified team that is structured to serve this purpose. TBC's vision is to become one of the leading project management companies in the country. In order to deliver this vision, TBC has embarked on a capability-building program, partnering with a leading global project management construction and engineering company, namely AECOM.
What are the most significant projects TBC is currently developing?
TBC offers a comprehensive strategy that helps our clients to accelerate business growth, mitigate risks, and lower the cost of high-quality deliverables by offering a management solution that is anchored to a set of core principles that fully address the business. Organizations increasingly expect investments in buildings to deliver positive and tangible outcomes. TBC has a broad portfolio that is specifically designed to deliver the services that are needed for its clients.
What are the opportunities for the private sector to cooperate with the public sector in developing educational projects?
As an organization dedicated to managing construction projects in the Kingdom, TBC, and its partners, fully understand the importance of successful projects' execution. Effective implementation of our projects will undoubtedly yield sustained developmental outcome. Therefore, we propose for each project deployment a reputed team of subject matter experts and a robust project management approach driven by global best practices to assist in achieving the desired outcomes of the project. With such solutions come opportunities for the private sector and investors to partner and create the most suitable programs. Opportunities to partner with the private sector can be applied to any of our services. The Kingdom's whole strategy now is to increase the private sector's participation in most areas of government activity. We are developing investment packages in the areas of interest to various investors in the private sector including design, financing, construction, and maintenance of educational buildings. At a later stage, we can involve the private sector in operation, having them running the schools, hiring the teachers, and so forth.
How is TBC coordinating with the Ministry of Education to address the gap between existing education infrastructure and what is needed?
The Ministry of Education commissioned a study in 2012 and found that we need a minimum of 10,000 new educational buildings over the next 20 years to meet five categories of demand: replace rented or non-educational buildings with purpose-specific education buildings, replace old buildings, meet population growth in existing cities and new districts, create more space to ease overcrowding in existing buildings that exceeded their capacity, and reallocate elementary, intermediate, and secondary school levels into separate buildings. The role of TBC is to meet ministry demands in developing the educational infrastructure. Currently, the ministry decides their requirements on how many buildings, where, and what size, and TBC delivers. In pursuit of accurate demand determination across all regions of the Kingdom, both the ministry and TBC will embark on a three-year study called the School Master Plan. Under this project, we will gather detailed data about all the existing buildings, teachers, class rolls, capacity, location, and new demand. Upon completion, the School Master Plan will help both the ministry and TBC to determine exactly where the new projects should be, when they are needed, and what their scope and cost should be.