In a partnership between The Sovereign Fund of Egypt (TSFE) and MOBICA, and with the administrative support of GEMS:The Minister of Planning and Economic Development witnesses the laying of the foundation stone for a group of new schools in the Global Village

Dr. Hala El-Said, Minister of Planning and Economic Development and Chairperson of The Sovereign. Fund of Egypt (“TSFE), witnessed the laying of the foundation stone for the construction of two schools on the land of the Global Village, in partnership between the Sovereign Fund of Egypt and the Mobica Company.El-Said said that laying the foundation stone for the two schools is a strong indication of the Egyptian state's intention to invest in untapped assets to achieve the highest possible returns.Also, investment in the fields of education related to modern technologies is consistent with the national structural reforms program and supports improving the quality of the human element in the labor market.El-Said added that this step supports the provision of the best educational services with a quality that takes into account international standards and at an appropriate cost for middle-income families in Egypt. She added that Egypt's sovereign fund, through these ongoing partnerships, provides a distinct model based on maximizing the value of untapped state-owned assets and stimulating partnership with the private sector.El-Said also made it clear that investing in providing distinguished education at a reasonable cost is the first step in achieving sustainable development and strengthening the opinion of the Egyptian human capital with qualifications that fit the requirements of the times.For his part, Ayman Soliman, CEO of the Sovereign Fund of Egypt, confirmed that the fund is proceeding according to a strategic plan through its subsidiary funds to maximize returns on state assets, through innovative partnership models, where part of the land of the global village will be used to establish two schools in partnership with a national financial investor, and under the management of a specialized international company.
Soliman indicated that the appropriate equation has been achieved in this partnership, which is represented in untapped land, an ambitious national investor, and professional global management, to achieve good financial returns suitable for the average returns of professional investment companies.Soliman also added that the education sector in Egypt is one of the promising sectors that achieve good and stable returns at the same time, which represents an attraction for local and international capital, as well as the provision of our distinguished national curricula following the best international standards.For his part, Mohamed Farouk Abdel Moneim, Chairman and CEO of Mobica, said that the partnership with the Sovereign Fund of Egypt to establish I-Learn (Intelligent learning), which aims to provide students with the technological skills needed by the global market to enable them to work in those fields at a young age.Abdel Moneim added that his company seeks to invest in the field of high-quality education and make this level available to a larger segment of Egyptians because the targeted financial returns for the sector are consistent with the national duty to develop human capital and create a platform that can expand and generalize that experience at the level of the Republic.Ahmed Wehbe, CEO of GEMS Egypt, confirmed that the partnership with the Sovereign Fund of Egypt and Mobica in the field of education is a promising and distinguished step to provide educational content appropriate to the trends of the times with national curricula.