Plan to set up Rs 550cr Edu-city project

By April 5, 2015 Events, News No Comments
MALAPPURAM: In what could give a major boost to the development in education and health sector in the Malabar region, a group of NRIs are planning a major investment in Malappuram. NRIs based in Saudi Arabia with the help of Al Abeer group are planning to set up an Edu-city, an integrated medical and education project near Malappuram town.

The campus which will be spread across 75 acres of land at Melmuri will house an International School, from Kindergarten to Higher Secondary level, a Medical College, a Nursing College, an Engineering College, and a Management College.

The proposal including a detailed master plan of the project has been submitted to the Kerala State Industrial Development Corporation (KSIDC) for the approval. The estimated cost of the project is Rs 550 crore.

Fifty percentage of the fund for the project would be invested and owned by Al Abeer Group, which is based in Saudi Arabia and the rest will be from the prospective investors.

The promoters of the project are planning to complete the work of the Educity within three years, in a phased manner.

The Al Abeer Group, the leading medical group of Saudi Arabia, which started its operation at Jeddah, now has branches across Riyadh, Jeddah, Makkah, Madinah and Damam. The group also runs a 100-bedded hospital at Kondotty in Malappuram.

Elaborating the project plan to TOI, the chairman and managing director of Al Abeer group, Alungal Muhammed said, the project aims at providing education from the kindergarten level to all the professional courses under one umbrella at an affordable fee structure.

“Considering the NRI population and their contribution to the state, Edu-city aims to give them returns by providing education for their children at a subsidized fee with a majority of the reservation for the children of NRIs and NRI returnees,” he said.

Educity will introduce new generation courses that have been designed by the Harvard School of Medicine, Massachusetts, Institute of Medical Science and Melbourne University in Medical Engineering and Medicinal Sciences, said the chairman. He also said that the campus will offer residential facilities for students.

The Al Abeer Medical College and Research Centre will collaborate with various university centres in US, Germany, France and UK for exchange of knowledge and joint research ventures and publications. The Engineering college will offer specialized streams in Medical Engineering, such as Nano-Robotic Engineering, Electrical Engineering specialized in Medical, Electronics and Communication Engineering(Focused on Healthcare), Technical Engineering, Civil Engineering and Biomedical Engineering.

    Source : indiatimes