Four private universities to establish branches at new administrative capital for total EGP 5 bn

Four private universities will be building branches at the new administrative capital for a collective investment cost of EGP 5 bn, sources from the Higher Education Ministry tell Al Borsa. The ministry has already agreed with the New Administrative Capital Company to allocate 450k feddans at the new capital to the Japanese and Canadian Universities, as well as Sinai University, they add. The Higher Education Ministry has reportedly received nine other offers from private universities that it intends to begin reviewing in September.