Back to the complete issue
Wednesday, 28 September 2022

Partnership led by Abu Dhabi’s Bloom Education to open EGP 1.5 bn school in New Giza

Emirati education provider Bloom Education is partnering with two local firms to establish a new international K-12 school in West Cairo’s New Giza, the company said in a statement Monday. Bloom Education, a subsidiary of the UAE’s Bloom Holding, said that more than EGP 1.5 bn will be invested in the project, which is expected to open for the 2024-2025 academic year.

Also working on the project: Bloom Education has signed a joint venture agreement with education management firm New Era Education and real estate developer New Giza, it said.

About Bloom Education: The education subsidiary operates nurseries and schools in the UAE, providing American, British and International Baccalaureate (IB) curricula to over 16k students across the country. This marks its first international expansion, according to its website. Bloom Holding, the parent company, operates in real estate, education and hospitality and is a unit of the very large scale Abu Dhabi-based investment outfit National Holding.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.