That sounds like you are getting a bit more for your money, upon completion of the FTE Jerez will you gain employment in the right seat of a jet however?
How many hours do you graduate with? What is the total duration of training w/ FTE?
I'm just thinking; at the end of the day... yes AAA is on the expensive side of things and it doesn't look to be the most desirable facilities but after two years you come out with 1500hrs on type and an MPL that is transferable to an ATPL/CPL.
It gives you an easy opportunity to get your foot in the door at a Middle Eastern airline meaning you'll be making a competitive salary (tax free) to start paying back the initial cost of the MPL course only catch is, by the looks of things you have to spend two years in the loading bay of SHJ.