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Monday, 20 July 2020

ODE, NIS to invest more than EGP 500 mn in two int’l schools in O West

INVESTMENT WATCH- ODE, NIS to invest over EGP 500 mn in two int’l schools in O West: A recent partnership between Orascom Development Egypt (ODE) and Nermine Ismail School (NIS) will see upward of EGP 500 mn invested in a project to develop two K-12 international schools in ODE’s residential compound O West, NIS said in a press release (pdf). Two schools, one offering an American diploma and another a British IGSCE and International Baccalaureate are slated for inauguration in September 2022, one year before the first unit in O West is delivered. We took note of the partnership agreement last month.

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