Al Ahly Capital & Cairo for Investment & Real Estate Development’s (CIRA) “Saxony University” will have an initial capital of EGP 2.1 billion. 50% of which will be financed through the founders’ own resources, & the rest through bank financing.
More Details🧐 The university will first open 4 colleges in the first year, to be followed by the opening of two others each year, bringing the total to 13 by the end of the second phase.
Why is this Important🤔 CIRA aims to expand in the Delta & Upper Egypt on an ongoing basis, & is likely to open 4 or 5 new schools by 2023. The company is, however, facing difficulties due to the increasing prices of land.
