TSFE signs a partnership agreement with Seera Company to invest in the field of basic education

Minister of Planning & Economic Development and Chairperson of (The Sovereign Fund of Egypt) (TSFE )Dr. Hala El Said witnessed the signing of a partnership agreement between TSFE, Seera Company, and Cairo Egypt Education Company, regarding providing the best educational services with quality that respect international standards and at an appropriate cost for middle-income families in Egypt.
 The agreement was signed by Mr. Ayman Soliman, CEO of TSFE, Mr. Mohamed El Kalla, CEO of Seera, and Haitham Sabry, CEO of El Sewedy Capital, in the presence of Dr. Hassan El-Qalla, Chairman of the Board of Directors of Sierra and Eng. Ahmed El Sewedy, Chairman of the Board of Directors of El Sewedy Capital.The partnership is scheduled to begin with the launch of two new schools in the Cosmic Village, with a total investment of EGP 350 million. The two schools will become the foundation stone for an ongoing partnership between all parties within the framework of a strategic consensus to bring high-quality education to various governorates throughout Egypt.Minister of Planning & Economic Development and Chairperson of (The Sovereign Fund of Egypt) (TSFE) Dr. Hala El Said, said: "Human capital in Egypt is its real wealth, and comprehensive sustainable development can only be achieved by investing in the education of future generations."El-Said explained that this partnership, which is the fourth of TSFE in the education sector this year, reflects the fund's investment priorities and interest in investing in this sector in line with the priorities of the state and the objectives of Egypt's Vision 2030, which emphasizes investment in human capital as an essential element in the comprehensive development process.El-Said added that through these partnerships, TSFE presents a unique model that achieves two of its main objectives, which are maximizing the value of untapped state-owned assets, and stimulating private sector investments by partnering with leading experts and investors in this field.



“We have gathered here today to witness a major partnership with the Sovereign Fund of Egypt (TSFE)”) and our permanent partner, El Sewedy Capital, to provide high-quality education to the Egyptian middle class,” Dr. Hassan El Kalla, Chairman of the Board of Directors of Seera Said.
Eng. Ahmed El Sewedy, Chairman of El Sewedy Capital, said, “We are proud of our partnership with Seera and the Sovereign Fund of Egypt, and we look forward to providing the best quality education and disseminating it in all governorates of Egypt,”
He added El Sewedy supports this partnership because of its belief that providing high-quality education to the middle class in Egypt is the best engine for development in the coming period.For his part, Ayman Soliman, CEO of the Sovereign Fund of Egypt, said, "This partnership embodies the role of TSFE in creating partnerships with investors and private sector operators to create added value, promote growth, and integrate the efforts of all parties,”Through this partnership, TSFE realizes its vision and plan to transform what was once an untapped government asset, the Cosmic Village, into an integrated educational center.
These schools will provide high-quality educational services at moderate prices to address the broad base of the Egyptian people (middle class) according to the best international standards with a focus on enrichment, sports, personal development, and technology, which includes a global future curriculum in line with the vision of education in Egypt. Egypt's Sovereign Fund focuses on investing in the education sector, believing in the importance of investing in human development to achieve sustainable development in the long term. It also sets a sustainable model for education development that generates investment returns. With this success, the Sovereign Fund of Egypt seeks to repeat its experience in creating such partnerships at the national level in all governorates.Mr. Mohamed El Kalla, CEO of Seera stated, “This partnership is a milestone, given that access to and benefit from high-quality education for the middle class in various prime locations across Egypt is one of the biggest challenges in education, this partnership will enable the ability to provide all required educational services with the best possible quality in all parts of Egypt.Engineer Haitham Sabry, CEO of El Sewedy Capital, added, “We are pleased and honored to partner with the Sovereign Fund of Egypt and Seera in launching a platform of high-quality international schools that will extend throughout Egypt”.

It is noteworthy that the two schools to be established are Futures Tech, which is one of the best Seera language schools in Egypt, and Regent British School - one of the schools that has proven to be a huge success in teaching with the British curriculum.
The study is expected to begin in the two schools by September 2023, as the objectives of the partner institutions are in line with providing high-quality and affordable education to all segments and governorates of the country.