{"id":608469,"date":"2023-10-19T00:00:00","date_gmt":"2023-10-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/19\/egypt-is-getting-more-real-estate-schools-as-demand-for-real-estate-jumps\/"},"modified":"2023-10-19T00:00:00","modified_gmt":"2023-10-19T00:00:00","slug":"egypt-is-getting-more-real-estate-schools-as-demand-for-real-estate-jumps","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/19\/egypt-is-getting-more-real-estate-schools-as-demand-for-real-estate-jumps\/","title":{"rendered":"Egypt is getting more \u201creal estate schools\u201d as demand for real estate jumps"},"content":{"rendered":"

A new type of vocational school is on the rise:<\/strong>With the boom in demand in the local real estate sector is undergoing, the industry is grappling with a shortage of trained workers, according to several industry veterans we spoke to. In response, a number of real estate developers have begun to set up real estate \u201cschools,\u201d high-school level programs that teach construction, finishing, landscaping, and other areas of study concerned with real estate development. The push is part of the Education Ministry\u2019s strategy<\/a> to grow the number of technical and vocational schools in collaboration with the private sector. <\/p>\n

Private sector participation is picking up:<\/strong> The country\u2019s first privately-owned real estate school, Amar Applied Technology School<\/a>, was established last year by real estate developer Amar Developments<\/a>, and onboarded its inaugural class in the 2022-2023 academic year. Licensed by the Education Ministry, and located in Sheikh Zayed, the school offers a three-year curriculum<\/a> with specializations in residential and hotel real estate. Coursework includes construction, planning, landscaping, paints, finishes, and hands-on training \u2014 even German plumber Grohe has become partners to train students at the company\u2019s headquarters, chairperson Abeer Essam told Enterprise. Applications for the 2023-2024 academic year opened<\/a> last month. <\/p>\n

Our first landscaping school: <\/strong>Talaat Moustafa Group (TMG) inked an agreement<\/a> in Januarywith the Education Ministry to establish the country\u2019s first applied technology school in the field of landscaping. Named Sonaa El Ghad for Applied Technology, the school opened its doors to technical high school students in the current academic year. The school marks the second academic collaboration<\/a> between the ministry and TMG, who partnered up with TMG to start the Imam Muhammed Metwally El Shaarawi School of Applied Technology<\/a>. The school, whose first class graduated in the 2020-2021 academic year, offers a range of subjects including architectural finishes, maintenance, refrigeration, air conditioning, specialized facility networks, and integrated electrical systems. <\/p>\n

We\u2019re also getting a facility management school:<\/strong> Real estate developer Mountain View has partnered up with the state to set up a school that specializes in facility management technology under an agreement<\/a> inked between the Education Ministry and USAID back in March. The Mountain View International School of Applied Technology opened its doors<\/a> to its first class at the beginning of the current academic year. It aims to help raise the standard of technical labor and help graduates secure jobs in facility management at big firms. <\/p>\n

Infrastructure exports catalyzed the push for vocational education:<\/strong> The scarcity of skilled labor became apparent in recent years after Egyptian companies started to ink agreements<\/a> to work on reconstruction projects in Libya<\/a> and Iraq<\/a>, Essam said. Cabinet requested the provision of trained technical workers for the reconstruction programs, and confronted with the shortage, the state started to incorporate real estate schools in its plan to grow the number of applied technology schools in the country, Essam explained. The expansion of real estate schools will enable the local real estate sector to export trained labor to Arab markets, allowing us to compete with East Asia\u2019s formidable labor market, Essam added.<\/p>\n

The government is working to incentivize technical programs: <\/strong>The Education Ministry provides private sector players that qualify to set up vocational schools with old school buildings free of charge, provided that they renovate them at their own expense, Essam said.The government plans to set up 100 vocational schools with private sector industrial partners by 2030, Deputy Education Minister for Technical Education Mohamed Megahed told us. The government aims to change the culture for graduates of technical education and has come a long way in fulfilling that goal by increasing applied technology schools of different types in collaboration with the private sector, which has made this system successful, he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Part of the demand is driven by real estate \u201cexports\u201d<\/p>\n","protected":false},"author":1,"featured_media":608470,"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":[7228],"tags":[73,633,83],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-608469","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education","tag-education","tag-enterprisepm","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"a9bf78cb-ace3-4ebc-a79d-270dbf442b8a","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/2\/87.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt is getting more \u201creal estate schools\u201d as demand for real estate jumps","related_issue":[608453],"teaser":"Part of the demand is driven by real estate \u201cexports\u201d","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/10\/.072c61a1-06e7-44d0-ad55-4c6dad0aadf2.mp3"},"yoast_head":"\nEgypt is getting more \u201creal estate schools\u201d as demand for real estate jumps - 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Construction of the new schools was completed and the\u2026","rel":"","context":"In "Health + Education"","block_context":{"text":"Health + Education","link":"https:\/\/enterpriseam.com\/egypt\/category\/health-education\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599990,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/16\/expect-pick-up-in-real-estate-stocks-says-efg-hermes\/","url_meta":{"origin":608469,"position":3},"title":"Expect pick-up in real estate stocks, says EFG Hermes","author":"enterpriseam admin","date":"16 January 2019","format":false,"excerpt":"So, which stocks should you pick? Look at real estate stocks this year, says EFG Hermes: 2019 will be a better year for real estate stocks after last year\u2019s squeeze, EFG Hermes Head of MENA Strategy Mohamed Al Hajj told Bloomberg TV (watch, runtime: 2:21). \u201cIf we see continued falling\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/1\/1732.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":600114,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/20\/egypts-real-estate-sectors-has-strong-fundamentals-industry-experts-say\/","url_meta":{"origin":608469,"position":4},"title":"Egypt\u2019s real estate sectors has strong fundamentals, industry experts say","author":"enterpriseam admin","date":"20 January 2019","format":false,"excerpt":"Egypt\u2019s real estate sector is benefiting from growing demand and investments, but is still suffering from weak consumer purchasing power, real estate experts told Housing Minister Moustafa Madbouly at an industry gathering last week. Supply increased in 2018, but the number of units sold decreased as a result of lower\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567428,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/22\/schools-apply-for-exemptions-from-20-foreign-ownership-cap\/","url_meta":{"origin":608469,"position":5},"title":"Schools apply for exemptions from 20% foreign ownership cap","author":"enterpriseam admin","date":"22 January 2020","format":false,"excerpt":"Schools apply for exemptions from 20% foreign ownership cap: Cairo Investment and Real Estate Development (CIRA), the International School of Choueifat, Nermien Ismail School and GEMS are among several private sector schools that have applied for an exemption from the 20% cap on foreign ownership imposed by the Education Ministry\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/669.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\/608469","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=608469"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/608469\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/608453"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/608470"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=608469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=608469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=608469"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=608469"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=608469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}