{"id":626800,"date":"2018-07-11T04:12:56","date_gmt":"2018-07-11T04:12:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/education-services-outfit-in-talks-with-local-banks-for-egp-600-mn-loan-to-construct-a-new-university\/"},"modified":"2018-07-11T04:12:56","modified_gmt":"2018-07-11T04:12:56","slug":"education-services-outfit-in-talks-with-local-banks-for-egp-600-mn-loan-to-construct-a-new-university","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/education-services-outfit-in-talks-with-local-banks-for-egp-600-mn-loan-to-construct-a-new-university\/","title":{"rendered":"Education services outfit in talks with local banks for EGP 600 mn loan to construct a new university"},"content":{"rendered":"<p>Newly-established education outfit the Egyptian International Company for Education Services (EICES) is in talks with several local banks to borrow EGP 600 mn to finance the construction of Akhnaton University, which the company plans to set up in Wadi El Natroun, <a href=\"http:\/\/almalnews.com\/Story\/382061\/11\/%D8%AC%D8%A7%D9%85%D8%B9%D8%A9-%D8%A3%D8%AE%D9%86%D8%A7%D8%AA%D9%88%D9%86-%D8%AA%D8%AA%D9%81%D8%A7%D9%88%D8%B6-%D9%84%D8%A7%D9%82%D8%AA%D8%B1%D8%A7%D8%B6-600-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AC%D9%86%D9%8A%D9%87\">Al Mal reports<\/a>. The university is expected to cost EGP 1 bn to construct, EGP 400 mn of which the founders will contribute. Construction will take two years and will be completed over three phases.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Newly-established education outfit the Egyptian International Company for Education Services (EICES) is in talks with several local banks to borrow EGP 600 mn to finance the construction of Akhnaton University, which the company plans to set up in Wadi El Natroun, Al Mal reports. The university is expected to cost EGP 1 bn to construct, [&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":[9314],"tags":[72,2400],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-626800","post","type-post","status-publish","format-standard","hentry","category-health-education","tag-enterpriseam","tag-health-education","wpautop","entry"],"acf":{"mongo_id":"64e22e86-e0a9-4e6d-ab6d-44ef3712d0a0","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Education services outfit in talks with local banks for EGP 600 mn loan to construct a new university","related_issue":[626766],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.dd790afb-8f79-4c17-bda5-54d4a7f236be.mp3"},"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>Education services outfit in talks with local banks for EGP 600 mn loan to construct a new university - 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\/2018\/07\/11\/education-services-outfit-in-talks-with-local-banks-for-egp-600-mn-loan-to-construct-a-new-university\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Education services outfit in talks with local banks for EGP 600 mn loan to construct a new university\" \/>\n<meta property=\"og:description\" content=\"Newly-established education outfit the Egyptian International Company for Education Services (EICES) is in talks with several local banks to borrow EGP 600 mn to finance the construction of Akhnaton University, which the company plans to set up in Wadi El Natroun, Al Mal reports. 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The company is negotiating with three banks for a credit facility that would cover 40-50% of the EGP 2 bn\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/265.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":626800,"position":1},"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. 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The company\u2019s expansion plans will see it invest EGP 600-700 mn in 2021,\u2026","rel":"","context":"In &quot;Health + Education&quot;","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":605094,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/20\/el-sewedy-education-in-talks-for-egp-650-mn-loan-to-fund-new-capital-university\/","url_meta":{"origin":626800,"position":3},"title":"El Sewedy Education in talks for EGP 650 mn loan to fund new capital university","author":"enterpriseam admin","date":"20 December 2018","format":false,"excerpt":"El Sewedy Education is in talks with local banks for a EGP 650 mn loan to finance the first phase of a EGP 6-7 bn university in the new administrative capital, which El Sewedy will launch under a partnership with Coventry University, Chairman Ahmed El Sewedy said. 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