{"id":609406,"date":"2023-11-05T00:00:00","date_gmt":"2023-11-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/05\/four-schools-inaugurated-at-cosmic-village\/"},"modified":"2023-11-05T00:00:00","modified_gmt":"2023-11-05T00:00:00","slug":"four-schools-inaugurated-at-cosmic-village","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/05\/four-schools-inaugurated-at-cosmic-village\/","title":{"rendered":"Four schools inaugurated at Cosmic Village"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>School is in session at Cosmic Village:<\/strong> The Sovereign Fund of Egypt (SFE) on Thursday inaugurated four schools part of the first phase of the Cosmic Village development project, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/11\/136.pdf\" style=\"\" rel=\"noopener\">press<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/11\/136.pdf\" style=\"\" rel=\"noopener\">release<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/11\/136.pdf\" style=\"\" rel=\"noopener\">(<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/11\/136.pdf\" style=\"\" rel=\"noopener\">pdf<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/11\/136.pdf\" style=\"\" rel=\"noopener\">)<\/a>. The schools were set up under private-public partnerships between the SFE and private players in the education sector. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EEP is operating two schools: <\/strong>EFG Hermes-backed <a target=\"_blank\" href=\"https:\/\/egypteducationplatform.com\/\" style=\"\" rel=\"noopener\">Egypt Education Platform (EEP)<\/a> is managing two Mobica-constructed schools \u2014 <strong><a target=\"_blank\" href=\"https:\/\/tinyurl.com\/2ykmfk4y\" style=\"\" rel=\"noopener\">Westview International Language School<\/a><\/strong>and <strong><a target=\"_blank\" href=\"https:\/\/tinyurl.com\/mrxztzwh\" style=\"\" rel=\"noopener\">Scholars International Language School<\/a><\/strong>. Mobica <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5f97fd48-1c37-42d6-bd9d-1b413ff605e7\" style=\"\" rel=\"noopener\">broke ground<\/a> on the projects back in December 2021.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The other two schools are branches<\/strong><strong> of<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.facebook.com\/FuturesTechSchool\/\" style=\"\" rel=\"noopener\">Futures Tech<\/a><\/strong><a target=\"_blank\" href=\"https:\/\/www.facebook.com\/FuturesTechSchool\/\" style=\"\" rel=\"noopener\"><\/a> and <strong><a target=\"_blank\" href=\"https:\/\/rbs-egypt.com\/\" style=\"\" rel=\"noopener\">Regent British School<\/a><\/strong>, which were <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3b44852d-e12e-48cf-bfb1-0a91940c4086\" style=\"\" rel=\"noopener\">set up<\/a> by the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/70e4da61-f321-4186-a485-64aff2143837\" style=\"\" rel=\"noopener\">Cairo Egypt for Education<\/a> \u2014 a joint venture between our friends at <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/11\/159.pdf\" style=\"\" rel=\"noopener\">CIRA Education and Elsewedy Capital (pdf)<\/a> \u2014 with investments of EGP 350 mn.CIRA will manage the branch of Futures Tech, while the branch of Regent British School will be managed by Eduhive. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Cosmic Village? <\/strong>The village sits on a once unutilized state-owned piece of real estate spanning 190 acres in Sixth of October. The SFE intends to turn the village into an \u201cintegrated educational hub\u201d with the first phase consisting of establishing five schools and a sports club, the statement said. The Cosmic Village was put on the SFE\u2019s investment menu in April 2021, after the fund added the land on which the village was built to the assets under its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ca30703c-6da3-4725-a0f9-05593618a8ec\" style=\"\" rel=\"noopener\">education sub-fund<\/a>. Some 1k students have already begun attending the four schools within the complex, with a target of 10k students within the project\u2019s first phase. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What about school five?<\/strong> The SFE will soon ink a partnership contract for the establishment of the first phase\u2019s fifth school \u2014 a French institution. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More to come? <\/strong>The Madbouly government wants to support the development of 300 schools using the PPP model and is ready to make land available across Egypt\u2019s governorates or provide already existing buildings, Prime Minister Moustafa Madbouly <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0Wk7VwB282jkUwmVUF9AmuVdx2kbVvHmAGrsZ3ovt9bZFNd3efCjdWMz7Ez2W8Sthl\" style=\"\" rel=\"noopener\">said<\/a> during the inauguration. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The four schools will be managed by the EEP, CIRA, and Eduhive<\/p>\n","protected":false},"author":1,"featured_media":609407,"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":[402,2600,73,84,174,72,370],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-609406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education","tag-cira-education","tag-cosmic-village","tag-education","tag-efg-hermes","tag-egypt-education-platform","tag-enterpriseam","tag-sovereign-fund-of-egypt","wpautop","entry"],"acf":{"mongo_id":"47d072c6-9580-4f66-b248-7253c93bdd4a","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/11\/155.jpg","photo_position":"above","homepage_title":"","full_issue_title":"SFE inaugurates four new schools at educational hub Cosmic Village","related_issue":[609384],"teaser":"The four schools will be managed by the EEP, CIRA, and Eduhive","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.d8e7f4c6-0eb4-41bd-b790-c544268e4273.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The schools will be established by the SFE and Mobica and run by GEMS Egypt. No details were given about the costs involved in the\u2026","rel":"","context":"In &quot;Education&quot;","block_context":{"text":"Education","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/education\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/451.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":555796,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/28\/cira-elsewedy-joint-venture-teams-up-with-sfe-to-build-schools-in-cosmic-village\/","url_meta":{"origin":609406,"position":2},"title":"CIRA + Elsewedy joint venture teams up with SFE to build schools in Cosmic Village","author":"enterpriseam admin","date":"28 November 2021","format":false,"excerpt":"Two new schools will be set up in the Sixth of October\u2019s Cosmic Village under a private-public partnership Cairo Egypt for Education (CEE, a joint venture of CIRA and Elsewedy Capital) and the Sovereign Fund of Egypt (SFE), CIRA (pdf) and the Planning Ministry said in statements over the weekend.\u2026","rel":"","context":"In &quot;Education&quot;","block_context":{"text":"Education","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/education\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/617.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":633239,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/10\/education-platform-epp-wants-to-set-up-two-schools-in-alexandria-and-soma-bay-by-2025\/","url_meta":{"origin":609406,"position":3},"title":"Education platform EPP wants to set up two schools in Alexandria and Soma Bay by 2025","author":"enterpriseam admin","date":"10 July 2024","format":false,"excerpt":"EPP is planning to enter up to three regional markets soon.","rel":"","context":"In &quot;Education&quot;","block_context":{"text":"Education","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/education\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/875.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":562984,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/14\/sfe-gems-collaborate-on-sixth-of-october-schools\/","url_meta":{"origin":609406,"position":4},"title":"SFE, GEMS collaborate on Sixth of October schools","author":"enterpriseam admin","date":"14 June 2021","format":false,"excerpt":"The Sovereign Fund of Egypt (SFE) and GEMS Egypt will establish at least two schools in Sixth of October City\u2019s state-owned Cosmic Village, a source from GEMS told Enterprise on condition of anonymity. The schools will be open for admission starting September 2023, they added. Details on an expected cost\u2026","rel":"","context":"In &quot;Education&quot;","block_context":{"text":"Education","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/education\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/184.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566758,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/12\/egypt-education-platform-coming-to-soma-bay\/","url_meta":{"origin":609406,"position":5},"title":"Egypt Education Platform coming to Soma Bay","author":"enterpriseam admin","date":"12 July 2021","format":false,"excerpt":"The Egypt Education Platform (EEP) signed an MoU with Abu Soma Development (ASD) to develop and operate a school in Soma Bay under the GEMS International Schools brand, according to a press release (pdf). The cooperation comes as ASD aims to elevate Soma Bay as a permanent fully-integrated residential community\u2026","rel":"","context":"In &quot;SPEED ROUND: EDUCATION&quot;","block_context":{"text":"SPEED ROUND: EDUCATION","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-education\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/609406","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=609406"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/609406\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/609384"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/609407"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=609406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=609406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=609406"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=609406"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=609406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}