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Sunday, 12 August 2018

CanWell Education in talks to rent TMG hotel in Madinaty for student housing

CanWell Educational Consultants is in talks with TMG Holding to rent one of its hotels in Madinaty and turn it into dorms for University of Canada students in Egypt, CanWell CEO Ramy Sallam tells Al Mal. The university is eyeing Madinaty for its proximity to the new administrative capital, where the university is being built, Sallam said. CanWell Educational Consultants earlier said it is planning to invest EGP 400 mn to complete the second phase of the university. It expects to invest a total of EGP 2 bn in the university over the course of seven years. Higher Education Minister Khaled Abdel Ghaffar had inaugurated the first phase of the university last month and enrollment for the semester starting September 2018 is open.

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