Finance Minister Mohamed Maait said that the Egyptian state aims to complete the establishment and operation of 1,000 distinguished language schools by 2030, in a partnership with the private sector, with reduced expenses that suit middle incomes citizens.
Maait added in a statement, on Wednesday, that the contracts for the first offering of the national project were officially signed in 2019, and the first phase of these schools entered service in the academic year 2020/21, while the pre-qualification stage for the second offering, which includes 16 governorates, attracted Egyptian and Arab private investments.
He stressed that the government is continuing to implement the presidential directives to deepen partnership with the private sector, explaining that education is a high priority for the state and a basic pillar in the strategy of building the Egyptian citizen, enhancing his awareness and investing his capabilities in laying the foundations for comprehensive and sustainable development.
The minister explained that there is close cooperation with the Ministry of Education and Technical Education in raising the efficiency of the educational process by providing an outstanding level of education through the the public-private partnership “PPP”.
Atter Hannoura, Director of PPP Central Unit at the Ministry of Finance said that the pace of work will be accelerated in the national project to build and operate one thousand distinguished language schools.
Hannoura said that the investment cost of the first offering amounted to about EGP 650 million, while the investment cost of the second offering is estimated at EGP 1 billion, with a turnout from both Egyptian and Arab investors.
He added that the central unit will receive bids next November for new schools to enter service in the 2022/23 academic year in a manner that helps develop education and is consistent with the vision of “Egypt 2030”.
The project will create new patterns of learning that enhance innovation, creativity and scientific research among students and provide them with foreign languages.
He pointed out that the winning private sector institutions will provide design, finance, establish, equip, operate, maintain and provide educational service in distinguished language schools for a period of up to 30 years, under the supervision of the Ministry of Education and Technical Education.
Hannoura clarified that after the end of the contract term, the ownership of these schools will be transferred to the ministry.