Egypt Education Platform expands to Alexandria, adding AIA International School to its portfolio
The Egypt Education Platform (EEP) has signed an agreement to add Alexandria’s AIA International School to its portfolio, it announced in a statement (pdf) yesterday, without disclosing a value for the transaction or how it would be financed. The campus was developed on a built-to-lease basis and can accommodate up to 1k students, according to the statement.
This marks EEP’s fifth investment in Egypt — and its first outside of Cairo: This is an important step in EEP’s geographical expansion plans, allowing the platform to diversify by offering the International Baccalaureate (IB) for the first time, the statement says. “AIA is an ideal partner to be our first venture in Alexandria, which strongly complements our geographical expansion plan,” said EEP’s CEO Ahmed Wahby. Bringing AIA onto the EEP portfolio will help to establish a strong IB base within the platform and fast track AIA’s growth, he added.
AIA will join several other schools in the EEP’s international school stream: These include Hayah International Academy, GEMS British International School Madinaty and GEMS British School Rehab. It also has two other international schools under development: GEMS International School Cairo is scheduled to open in New Cairo in September 2022, while GEMS International School Soma Bay is set to open in September 2023.
The EEP is the management company managing the assets of the Egypt Education Fund, and it’s growing rapidly. It has added seven schools to its portfolio since it was established in 2018, and currently serves more than 8k students.