{"id":560541,"date":"2021-03-03T04:04:32","date_gmt":"2021-03-03T04:04:32","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/mac-optic-has-egp-300-mn-worth-of-education-investments-planned\/"},"modified":"2021-03-03T04:04:32","modified_gmt":"2021-03-03T04:04:32","slug":"mac-optic-has-egp-300-mn-worth-of-education-investments-planned","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/mac-optic-has-egp-300-mn-worth-of-education-investments-planned\/","title":{"rendered":"Mac Optic has EGP 300 mn worth of education investments planned"},"content":{"rendered":"

<\/a> Greek industrial investor <\/strong>Mac Optic<\/a><\/strong> will invest EGP 300 mn to establish five new <\/strong>international schools and one technical institute in Egypt<\/strong>, CEO Ahmed Radwan told Al Mal<\/a> without specifying a timeline. The schools will be located in Cairo, Alexandria, Mansoura, Port Said, and Minya while the technical institute will be based in Cairo and will specialize in engineering and economics, he said. The facilities will all be managed by French non-profit Mission La\u00efque Fran\u00e7aise<\/a> (MLF), which will offer students accredited courses similar to those provided by the French education system.<\/p>\n

Mac is investing in the six establishments through a special investment vehicle it set up <\/strong>under its new Egypt-focused investment arm, Mac Holding.<\/strong> The company last year established Mac Holding<\/a> with USD 100 mn in capital to invest in education, financial services, media, and healthcare ventures in Egypt.<\/p>\n

Mac who?<\/strong> Mac Optic Investment, established in 1995, started out as a supplier of military equipment but has since expanded to several other industries including cement, food commodities, medical supplies, and refining. The company is active in nine countries in the Middle East and Europe, as well as the US.<\/p>\n","protected":false},"excerpt":{"rendered":"

Greek industrial investor Mac Optic will invest EGP 300 mn to establish five new international schools and one technical institute in Egypt, CEO Ahmed Radwan told Al Mal without specifying a timeline. The schools will be located in Cairo, Alexandria, Mansoura, Port Said, and Minya while the technical institute will be based in Cairo and […]<\/p>\n","protected":false},"author":1,"featured_media":560542,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7272],"tags":[73,72,491,1818,125],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-560541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-education","tag-enterpriseam","tag-france","tag-international-schools","tag-investment-watch","wpautop","entry"],"acf":{"mongo_id":"e2b7fde6-734c-4c1f-ae56-6d3f812e8b93","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/3\/77.jpg","photo_position":"above","related_issue":[560536],"teaser":"","voice_url":""},"yoast_head":"\nMac Optic has EGP 300 mn worth of education investments planned - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/mac-optic-has-egp-300-mn-worth-of-education-investments-planned\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mac Optic has EGP 300 mn worth of education investments planned\" \/>\n<meta property=\"og:description\" content=\"Greek industrial investor Mac Optic will invest EGP 300 mn to establish five new international schools and one technical institute in Egypt, CEO Ahmed Radwan told Al Mal without specifying a timeline. 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Shalakany partner Omar Sherif declined to comment on the subject of the litigation or disclose the names of the parties.Guess who: Those\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":543497,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/03\/lighthouse-to-acquire-two-schools-in-cairo-this-year\/","url_meta":{"origin":560541,"position":2},"title":"Lighthouse to acquire two schools in Cairo this year","author":"enterpriseam admin","date":"3 February 2022","format":false,"excerpt":"Lighthouse to buy two schools this year: State-backed education investment platform Lighthouse Education is looking to put the entirety of its first close of EGP 560 mn towards acquiring two schools in Cairo this year, Deputy Chairman Mohamed El Sherif confirmed to Enterprise, following a report from Al Mal. The\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/42.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561787,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/21\/africa-crest-to-invest-egp-900-mn-in-two-schools-this-year\/","url_meta":{"origin":560541,"position":3},"title":"Africa Crest to invest EGP 900 mn in two schools this year","author":"enterpriseam admin","date":"21 April 2021","format":false,"excerpt":"Dubai-based Africa Crest Education is dusting off plans to invest EGP 900 mn in Egypt this year to establish two schools, the company\u2019s financial advisor Mostafa El Shibini told Al Mal, according to a report in the newspaper\u2019s print edition. The company had initially planned to invest EGP 800 mn\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/210.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561251,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/31\/sfe-makes-its-first-investment-in-education-with-efg-fund\/","url_meta":{"origin":560541,"position":4},"title":"SFE makes its first investment in education with EFG fund","author":"enterpriseam admin","date":"31 March 2021","format":false,"excerpt":"EFG Education Fund hits third close with SFE investment: The Sovereign Fund of Egypt (SFE) has committed EGP 250 mn (c. USD 15.9 mn) to the EFG Hermes Education Fund, according to ajointstatement(pdf) published yesterday. 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