Educational Buildings Construction in Saudi Arabia

This report is the result of extensive market research covering the educational buildings construction industry in Saudi Arabia. It contains detailed historic and forecast market value data for the educational buildings construction industry, including a breakdown of the data by construction activity (new construction, repair and maintenance, refurbishment and demolition). 'Educational Buildings Construction in Saudi Arabia to 2019: Market Databook' provides a top-level overview and detailed insight into the operating environment of the educational buildings construction industry in Saudi Arabia. It is an essential tool for companies active across the Saudi Arabian construction value chain and for new players considering to enter the market.

Last May, The Art Institute, also owned by EDMC, announced it would shutter more than a dozen of its campuses. EDMC has also laid off hundreds of employees of its online division, according to The Consumerist.
In November, EDMC, payed $95.5 million to settle a case alleging the company falsely obtained federal and state education funds. The suit was the largest false claim settlement with a for-profit educational institute in history, according to US Attorney General Loretta E.

Brown Mackie College. Brown Mackie College Facebook
Brown Mackie College, a for-profit college system with locations in 15 states, has ceased enrollment at 22 of its schools, The Consumerist reported.

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Brown Mackie falls under the umbrella of Education Management Corporation (EDMC), the nation's second-largest for-profit college system. Goldman Sachs Capital Partners acquired EDMC in 2006, which retains partial ownership in the company today.
The announcement follows a similar pattern of downsizing for EDMC over the past year.

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Synopsis
Educational Buildings Construction in Saudi Arabia to 2019: Market Databook' contains detailed historic and forecast market value data for the educational buildings construction industry, including a breakdown of the data by construction activity (new construction, repair and maintenance, refurbishment and demolition). The databook provides historical and forecast valuations of the industry using the construction output and value-add methods.

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EDMC currently has 110 locations in 32 states, according to its website. As of October 2015, it served 91,000 students.
Since 2012, EDMC's stock has plummeted, from more than $27 a share to less than 4 cents today. The company deregistered its common stock from the Nasdaq in 2014, and stopped reporting on its quarterly financials as a result. The same year, the company underwent a debt restructuring that converted lenders' loans to ownership stakes.

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