A group of non-resident Indians in the United Arab Emirates have formed a new holding company called the Pace Group to invest in developing new schools, colleges and professional educational institutions in the Middle East and India.

Dr P A Ibrahim, chairman of the Pace Group, said it has been formed with a long-term plan to expand the network of schools, colleges and other educational institutions in the UAE, other Gulf Cooperation Council (GCC) countries and India.

The group will soon be setting up new schools in Dubai, Qatar and Saudi Arabia.

“We have just completed a new state-of-the- art school project in Sharjah called the India International School, which provides CBSE international syllabus and Montessori courses. Indian students and students of other nationalities study there. Currently, India International School, Sharjah, Gulf Asian English School, Sharjah, and India International School, Kuwait are among the eight educational institutions under the Pace group,” a statement issued by the group said.

Ibrahim said “We are currently considering various proposals for setting up schools, colleges, both engineering and medical. A minimum 10 million rupees is needed to establish a new medical college in India. We currently run the PA College of Engineering, Mangalore, PA Polytechnic, Mangalore, PA First Grade College, PA Pre University College, PA Post Graduate Department of Business Management, all in 
Karnataka,”.