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Thursday, 19 September 2019

Egypt’s education ministry limits foreign ownership in int’l schools

Education Minister Tarek Shawki has issued a decision to implement a 20% cap on foreign investor ownership in international schools, according to a decree seen by the press. The cap applies to dual-passport holders, foreigners, and funds, “whether individually or as a group.” Sources tell the press that the decision could negatively impact M&A activities and foreign direct investment inflows in the sector. A number of education management companies are reportedly gearing up to meet with the minister to lobby against the decision.

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