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Thursday, 3 May 2018

Seven companies chosen as part of phase one development of 200 PPP schools

Seven companies chosen as part of phase one development of 200 PPP schools: Seven Egyptian and Saudi Arabian companies have been tapped to take part in phase one of the government’s program to develop 200 schools under a public-private partnership framework. El Gazeera and the Middle East Education Services Group were among the winning bidders selected by an inter-ministerial committee tasked with reviewing bids. Three of the seven winning companies had initially been rejected by the committee only to be selected following an appeal, sources from the committee said. These firms included CIRA — owned by the family of Hassan El Kalla and recently exited by Dubai-based PE firm Abraaj. The company is considering an IPO sometime in 4Q2018. The government plans to hold a tender for phase two of the program in mid-May, sources added.

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