Egypt’s developer Orascom Development Egypt (ODE) signed a cooperation agreement with Cairo for Investment and Real Estate Development (CIRA) to establish two schools at O West integrated community in the 6th of October City, with a total investment of EGP 450 mn, Invest-Gate reports.

Under the deal, Eduhive for educational services, a subsidiary of CIRA, will be responsible for supervising the schools, namely Saxony International School (SIS) and British Colombia Canadian International Schorwwol (BCCIS), which are scheduled to be officially opened in the school year  2021/2022, according to ODE’s official statement.

ODE’s O West is planned to comprise “an education hub that includes diversified international schools to ensure that residents’ needs are catered to,” ODE noted.

Abdelhamid Abouyoussef, CEO of ODE stated, “Our vision is to provide a true town living, distinguished experience through integrated lifestyles that promote tranquility, creativity, and entertainment. This cooperation with Cairo Investment and Real Estate Development (CIRA) to establish two internationally recognized schools comes to develop the services offered to our customers, where parents can rest at ease knowing their children are mere steps away.”

On a similar note, Mohamed El Kalla, CEO of CIRA, said, “The cooperation is a strategic step for the company to achieve its growth and to
continue providing the Egyptian students with high-quality education services reaching different segments of the Egyptian society; thus contributing to preparing them to be the new generation of business leaders and innovators.”

In mid-February, ODE has signed a school development agreement with a private investor to develop a K-12 international school in O West, with total investments up to EGP 500 mn.