Al Ahly Capital, the investment arm of the National Bank of Egypt (NBE), signed a partnership & investment management agreement with Cairo for Investment and Real Estate Development (CIRA), “to build Egypt’s largest education platform.”
More details🧐 The agreement aims to create Al Ahly CIRA for Educational Services S.A.E, with the mission of providing a world-class education to all segments of the Egyptian society with a special focus on middle-income citizens.
Why is this important🤔 NBE Chairman Hisham Okasha said that the partnership comes in line with Egypt Vision 2030, which focuses on providing high-quality education and stepping up investments in the sector. CIRA Chairman Dr. Hassan El Kalla stated that Egypt needed prominent public-private partnerships to help the country meet the growing needs of its citizens, & added that the agreement seeks to expand the company’s activities in Egypt.
