{"id":594270,"date":"2019-10-24T03:57:00","date_gmt":"2019-10-24T03:57:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/24\/egyptian-education-provider-cira-to-invest-egp-110-mn-in-new-mansoura-assuit-projects\/"},"modified":"2019-10-24T03:57:00","modified_gmt":"2019-10-24T03:57:00","slug":"egyptian-education-provider-cira-to-invest-egp-110-mn-in-new-mansoura-assuit-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/24\/egyptian-education-provider-cira-to-invest-egp-110-mn-in-new-mansoura-assuit-projects\/","title":{"rendered":"Egyptian education provider CIRA to invest EGP 110 mn in New Mansoura, Assuit projects"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <b>INVESTMENT WATCH- CIRA plans to invest EGP 110 mn in New Mansoura, Assiut projects:<\/b> Leading private sector education provider Cairo for Real Estate and Investment (CIRA) will invest EGP 110 mn this fiscal year in two projects in New Mansoura and Assiut, <a href=\"https:\/\/almalnews.com\/%d8%a7%d9%84%d9%82%d8%a7%d9%87%d8%b1%d8%a9-%d9%84%d9%84%d8%a7%d8%b3%d8%aa%d8%ab%d9%85%d8%a7%d8%b1-%d8%aa%d8%b6%d8%ae-110-%d9%85%d9%84%d8%a7%d9%8a%d9%8a%d9%86-%d8%ac%d9%86%d9%8a%d9%87\/\">CEO Mohamed El Kalla<\/a> told Al Mal. The New Urban Communities Authority <a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/06\/nuca-agrees-assiut-land-plot-for-cira-to-build-private-university\/\">had agreed to allocate CIRA 81 feddans<\/a> in west Assiut to establish a private university in partnership with an international university. CIRA had also <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/01\/egypts-education-outfit-cira-inks-eur-25-mn-ebrd-funding-agreement\/\">closed an EGP-denominated EUR 25 mn<\/a> agreement with the European Bank for Reconstruction and Development (EBRD) to finance the university. In New Mansoura, CIRA has begun construction of <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/23\/cira-share-price-set-at-egp-6-after-successful-10-36x-institutional-offering\/\">an integrated school<\/a> at a cost of EGP 60 mn financed through the company's own resources, the proceeds of its<a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/02\/cira-share-price-pops-17-6-in-egx-debut\/\">listing on the EGX<\/a>, and some of the real estate assets it holds.<\/p>\n<p><b>El Sisi ratifies CIRA\u2019s new Badr University faculties:<\/b> President Abdel Fattah El Sisi ratified a decision to allow Cairo for Investment and Real Estate Development (CIRA) <a href=\"https:\/\/enterprise.press\/stories\/2019\/08\/19\/cira-says-government-approved-adding-7-new-schools-to-its-badr-university\/\">to add seven new colleges<\/a> to their flagship higher Badr University, according to a decree <a href=\"https:\/\/www.youm7.com\/story\/2019\/10\/23\/%D8%A7%D9%84%D8%AC%D8%B1%D9%8A%D8%AF%D8%A9-%D8%A7%D9%84%D8%B1%D8%B3%D9%85%D9%8A%D8%A9-%D8%AA%D9%86%D8%B4%D8%B1-%D9%82%D8%B1%D8%A7%D8%B1%D9%8A%D9%86-%D8%AC%D9%85%D9%87%D9%88%D8%B1%D9%8A%D9%8A%D9%86-%D8%A8%D8%B4%D8%A3%D9%86-%D8%AC%D8%A7%D9%85%D8%B9%D8%AA%D9%89-%D8%A8%D8%AF%D8%B1-%D9%88%D8%A7%D9%84%D8%AF%D9%84%D8%AA%D8%A7-%D9%84%D9%84%D8%AA%D9%83%D9%86%D9%88%D9%84%D9%88%D8%AC%D9%8A%D8%A7\/4472055\">published in the Official Gazette yesterday<\/a>. The private sector education outfit completed the construction of the new faculties and was waiting for a presidential decree to begin operations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>INVESTMENT WATCH- CIRA plans to invest EGP 110 mn in New Mansoura, Assiut projects: Leading private sector education provider Cairo for Real Estate and Investment (CIRA) will invest EGP 110 mn this fiscal year in two projects in New Mansoura and Assiut, CEO Mohamed El Kalla told Al Mal. The New Urban Communities Authority had [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[944,402,571,73,72,5701,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-594270","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-assiut","tag-cira-education","tag-ebrd","tag-education","tag-enterpriseam","tag-new-mansoura","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"8e382e48-e853-4fe1-9a1a-1aacecda1d65","is_powered_by":true,"section_story_id":"7841d2af-81bc-408b-8a7e-e30acea3893a","story_type":"1","photo_url":"","photo_position":"above","related_issue":[594261],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egyptian education provider CIRA to invest EGP 110 mn in New Mansoura, Assuit projects - 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\/2019\/10\/24\/egyptian-education-provider-cira-to-invest-egp-110-mn-in-new-mansoura-assuit-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egyptian education provider CIRA to invest EGP 110 mn in New Mansoura, Assuit projects\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- CIRA plans to invest EGP 110 mn in New Mansoura, Assiut projects: Leading private sector education provider Cairo for Real Estate and Investment (CIRA) will invest EGP 110 mn this fiscal year in two projects in New Mansoura and Assiut, CEO Mohamed El Kalla told Al Mal. 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El Kalla did not state when CIRA plans to spin-off the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591520,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/09\/cira-plans-egp-2-bn-in-new-investment-fresh-securitization-program\/","url_meta":{"origin":594270,"position":1},"title":"CIRA plans EGP 2 bn in new investment, fresh securitization program","author":"enterpriseam admin","date":"9 December 2019","format":false,"excerpt":"INVESTMENT WATCH- CIRA plans EGP 2 bn in new investment, fresh securitization program: EGX-listed education business CIRA will invest more than EGP 2 bn to develop several ongoing and future projects and will turn to a securitized bond issuance as part of its financing plans, CEO Mohamed El Kalla tells\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/12\/329.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":600042,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/17\/cira-reports-39-y-o-y-growth-in-net-profits-in-first-quarter-of-its-fiscal-year\/","url_meta":{"origin":594270,"position":2},"title":"CIRA reports 39% y-o-y growth in net profits in first quarter of its fiscal year","author":"enterpriseam admin","date":"17 January 2019","format":false,"excerpt":"EARNINGS WATCH- Cairo for Real Estate and Investment (CIRA) reported a 39% y-o-y increase in net profit to EGP 74.3 mn in 1Q of its fiscal year, which ended 30 November 2018, according to the company\u2019s earnings release (pdf). Revenues rose 31% y-o-y in the quarter, coming in at EGP\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":624915,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/23\/cira-share-price-set-at-egp-6-after-successful-10-36x-institutional-offering\/","url_meta":{"origin":594270,"position":3},"title":"CIRA share price set at EGP 6 after successful 10.36x institutional offering","author":"enterpriseam admin","date":"23 September 2018","format":false,"excerpt":"**#4 IPO WATCH- CIRA prices IPO at EGP 6 per share; offering is more than 10x oversubscribed amid heavy demand from institutional investors: Leading private sector education outfit Cairo for Investment and Real Estate Development (CIRA) has priced its IPO at EGP 6.00 per share, above the midpoint of the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":613920,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/23\/cira-educations-top-line-grows-31-on-strong-enrolment\/","url_meta":{"origin":594270,"position":4},"title":"CIRA Education\u2019s top line grows 31% on strong enrolment","author":"enterpriseam admin","date":"23 January 2024","format":false,"excerpt":"Higher interest rates continued to put modest pressure on CIRA\u2019s bottom line:CIRA Education saw its adjusted net income drop 7% y-o-y in the three months ending 30 November to EGP 97.1 mn as rising interest rates hit the school operator\u2019s bottom line, according to its earnings release (pdf). Financing costs\u2026","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1857.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":619242,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/29\/cira-educations-topline-climbed-35-in-1h-2023-24\/","url_meta":{"origin":594270,"position":5},"title":"CIRA Education\u2019s topline climbed 35% in 1H 2023-24","author":"enterpriseam admin","date":"29 April 2024","format":false,"excerpt":"Revenues rose 35% thanks to higher enrollment rates, especially in universities.","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2032.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/594270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=594270"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/594270\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/594261"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=594270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=594270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=594270"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=594270"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=594270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}