CIRA to build school on recently purchased EGP 21.6 mn New Sohag land

Cairo for Investment and Real Estate Development (CIRA) has purchased 5 acres of land in New Sohag City for EGP 21.6 mn to build an international school, according to Al Mal, citing unnamed sources. The company plans to break ground on the school’s construction before the year is out, according to the sources. CIRA is planning to expand its footprint in Upper Egypt with more schools in the coming period, the sources say, without giving further details. The company has acquired land in several new cities — including New Mansoura and New Alamein — to establish education complexes.