PM Mostafa Madbouly in his meeting with the ministers and private sector investors on Thursday in Cairo. Photo : Egyptian Cabinet
The meeting discussed partnership opportunities with the private sector in both pre-university and university stages of education.
The meeting was attended by Minister of Planning and Economic Development Hala El-Said, Minister of Higher Education and Scientific Research Ayman Ashour, Minister of Education and Technical Education Reda Hegazy, along with several investors.
From their side, the private sector investors affirmed their readiness to partner with the government to effectively utilize state-owned assets in these sectors, maximizing returns, preserving investments, improving educational outcomes, and ensuring prudent spending.
They expressed their willingness, for example, to take over the management of the NEIS, aiming to bring about a qualitative leap at these schools.
Nile Egyptian International Schools (NEIS) are governmental Egyptian international schools that aim to provide international-standard education at affordable annual fees.
Minister of Planning El-Said highlighted the government's target to reach 132 universities in Egypt by 2030, 40 more than there are currently, for 250 billion Egyptian pounds.
She emphasized the substantial investment opportunities available for the private sector, estimated at around 150 billion pounds. It is hoped that private education will account for 40 percent of students by 2030, up from the current 25 percent.
El-Said also highlighted the success of the Sovereign Fund of Egypt which recently established four schools through private sector partnerships. A fifth similar school is set to open in 2025.
Minister of Education Hegazy emphasized the need for private education, which currently represents 10 percent of pre-university education, stressing the significant demand for this from Egyptian families.
Hegazy provided an update on the national project to build and operate official language schools in partnership with the private sector. The project encompasses 54 locations in various governorates.
The minister also discussed investment opportunities in technical education, presenting 18 locations under his authority that could be refurbished as applied technology schools in collaboration with the private sector, as well as a 4,000-square-metre plot of land in Alexandria that could be used for a large private educational complex.
Furthermore, 58 schools of various types were nominated for transformation into applied technology schools through private-sector partnerships.
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