Egypt’s Prime Minister Mustafa Madbouli witnessed on Tuesday the signing ceremony of a shareholder agreement between the Sovereign Fund of Egypt for Investment and Development, the Egypt Fund for Support and Development of Education Company, and Al Ahly CIRA Educational Services Company.
The agreement aims to establish a new company to develop four new models of international universities in Egypt, combining a unique mix of international branch campuses and technological universities.
The agreement was signed by Minister of Planning and Economic Development and Chairperson of the Sovereign Fund of Egypt for Investment and Development Hala El-Said, Minister of Higher Education and Scientific Research Ayman Ashour, on behalf of the Egypt Fund for Support and Development of Education Company (S.A.E.), Chairperson of the National Bank of Egypt (NBE) Hisham Okasha, and Chairperson of Cairo Investment and Real Estate Development Company Hassan El-Kalla, on behalf of Al Ahly CIRA Educational Services Company (S.A.E.).
According to the agreement, the new universities will be established in collaboration with several prestigious international educational institutions in Canada, Switzerland, Germany, and the United States, through partners to be announced upon the completion of the cooperation agreements.
This partnership between public and private sector institutions demonstrates a shared commitment from all parties to achieve excellence and foster innovation in educational services, ensuring that students in Egypt benefit from the best curricula that meet global standards. This is expected to positively impact the quality of the education system in Egypt.
Source: The Egyptian Gazette
