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Wednesday, 7 March 2018

BPE Partners-led consortium to invest USD 30 mn in private university

INVESTMENT WATCH- A BPE Partners-led consortium is planning to invest USD 30 mn in a private university outside Cairo, BPE Partners’ Omar El Labban tells Al Mal. The consortium includes local and foreign investors, and is expected to sign an initial MoU for the project within one month after receiving the necessary government approval, according to El Labban. The project comes as part of BPE Partners’ plan to invest USD 100-120 mn in Egypt’s education, renewable energy, food, and health sectors this year. BPE Partners had abandoned plans to participate in an Education Ministry tender to build 200 schools under a PPP framework back in August of last year.

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