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Thursday, 12 January 2023

CIRA, Al Ahly to establish 2 Cairo branches of Canada’s Seneca College

Al Ahly CIRA is bringing Canada’s Seneca College here: Al Ahly CIRA for Educational Services is partnering with Toronto-based Seneca College to bring two branches of the Canadian applied arts and technology college to Egypt — one in East Cairo and the other in West Cairo — under an MoU signed between the company and the college yesterday, according to a Higher Education Ministry statement.

This one’s for tech nerds: Seneca College in Egypt will offer courses in disciplines including AI, modern engineering, and business management in the tech sector, CIRA Education CEO Mohammed El Kalla is quoted as saying in the statement.

What we don’t know: When the new campuses will be built, how much they might cost, or what the breakdown of roles and assets will be between the parties involved.

REFRESHER- Al Ahly CIRA is the EGP 2 bn education investment JV launched a little over a year ago by CIRA Education and Al Ahly Capital Holding (the investment arm of state-owned National Bank of Egypt.) The company primarily targets investment in K-12 schools, universities and technical colleges. Al Ahly CIRA expects to launch the first phase of Saxony Egypt University, Egypt's first private technology university, in September.

ICYMI- CIRA rebranded to become CIRA Education in October last year. CEO Mohamed El Kalla walked us through the company’s rebranding and expansion plans and discussed his views on the education sector. You can read or listen to Part I here and read Part II here.

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