UAE-based Thumbay Group seeks to inject investments worth AED 1 bn (roughly EGP 5 bn) via the establishment of a branch of the Gulf Medical University in Egypt, Invest-Gate reports.

Thumbay Moideen, founder president of the company, lauded the legislative reforms undertaken by Egypt for securing a “suitable investment environment,” according to a ministerial statement.

Gulf Medical University, which is based in the Emirate of Ajman, adopts the latest education and training techniques in all medical branches, given that it is partnering with reputable universities worldwide such as the University of Arizona and Medical University of Lublin, he added.

Moideen remarks came on the sidelines of his meeting on October 27 with Minister of Investment and International Cooperation Sahar Nasr in Cairo.

Nasr said the ministries of investment and higher education are working together to attract investments in the higher education field, in line with President Abdel Fattah El-Sisi’s initiative to invest in the human element.