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A look into the EEP’s future: The Egypt Education Platform (EEP) — a joint venture set up in 2018 between our friends at EFG Holding, the Sovereign Fund of Egypt (SFE), GEMS Educational Global and other investors — plans to open the doors to the GEMS International School in Somabay by September 2026 and the UK’s Batford school in Alexandria the following year, CEO Ahmed Wahby told Asharq Business (watch, runtime: 3:52).
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Part of a bigger plan: EEP aims to add 5k students and 2-3 schools to its portfolio every year, Wahby said. “The investment amount differs depending on the method — management, acquisition, building, or partnership.”
We had an idea this was coming: Wahby told us last year that the platform plans to set up two new schools in Alexandria and Somabay by September 2025. At the time, he told us that the platform intends to raise its investments to EGP 3 bn over the next three years, building on the EGP 1.5 bn already invested in the Egyptian market since its inception in 2018.
The road ahead: “We are more focused on partnerships — meaning we have developers who take care of setting up the schools and we work with them through either rentals or management agreements,” he said. “This is our strategy for the coming period. We believe this is the way forward for the rapid growth journey we are after.”
AND- The Saudi Education Fund (SEF) — which is managed by the EEP — will take over the management of four existing schools in Riyadh starting September 2026 and build two new schools — one in East Riyadh and another in the north of the city — slated to begin operations in September 2027.
REMEMBER- The SEF is a USD 300 mn investment vehicle launched by our friends at EFG Hermes in late 2024. The fund aims to build a world-class K-12 operator in the Kingdom, capitalizing on rising demand for private education. Spark Egypt for Training and Development, led by the EEP team, is managing the fund’s activities.
More to come: “Just like we did in Egypt, we want to build a hub in the Kingdom. We see great potential there … and from there we can expand into other markets in the Gulf and beyond,” he said.
