Adsero: Egypt Education Development’s partnership with AI Ahly CIRA

Adsero advised The Egypt Education Development Fund Company – a joint venture (JV) established by The Sovereign Fund of Egypt (TSFE) and the Universities Support and Development Authority (USDA) – on partnering with Al Ahly CIRA for Educational Services (Al Ahly CIRA) – a JV established by Al Ahly Capital Holding (ACH) and CIRA Education – to establish a new company to develop four universities in Egypt.

Adsero’s team

Partner Mohamed Abdelgawad (pictured left) and partner Ahmed Adib (pictured right) led the team, handling the part related to the shareholders’ agreement, along with partner Ehab Fedaa and associate Hussien Moustafa, who managed the work related to the incorporation of the Egypt Education Development Fund Company.

About the partnership

The partnership between TSFE and Al Ahly CIRA aligns with Egypt’s 2030 vision and national strategies to enhance higher education quality and competitiveness. It supports the 2024-2025 Economic and Social Development Plan, which focuses on education aligned with labour market needs, increasing international student enrollment, and promoting sustainable development, innovation, and socio-economic growth.