ESSEC invests $40 million to build new campus
A leading European Business School is building a new campus in Singapore.
ESSEC will be investing $40 million to build a five storey building located on Nepal Hill in One North.
The new facility plans to triple the school's current training capacity.
The number of faculty members will go up from 11 today to about 35 in 2016-2017.
Construction will begin in February 2013 and is expected to be completed by December 2014.
The campus will also take in more students about 1,500 students a year.
But President and Dean of ESSEC Business School in the Asia Pacific, Dr Pierre Tapie says the selection process will be strict.
"We have 20 applications for one seat at the Bachelor programme and 10 applications for one seat in the Master in Management programme. So we are extremely selective. We want to become better known in the Asian-region also. Today the world is global and places you can really be educated globally are really not so many and ESSEC with the decision of investing in this campus graps much more bi-continental, global character."
Dr. Tapie also says a second phase of expansion will be considered in five years time to double the size of the campus.
The ESSEC Asia Pacific Campus which started operations here in 2005 is now located in the National Library building.
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