El Sewedy Education has invested EGP 1 bn to complete the first two phases of its International Knowledge University project in the new administrative capital. CEO Ehab Salama said in a statement to Hapi Journal that the entire project will be completed over 10 years at a total cost of EGP 7 bn. Construction work is being carried out by the Al Rowad Contracting company according to a schedule set by the Armed Forces’ engineering department, Salama added.

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