24 September 2018
Egyptian developer Palm Hills Developments has tied up with Microsoft and Florida Atlantic University to launch a green-field school project in the country, the company CEO said on Sunday.
The 300 million Egyptian pounds ($16.7 million) Asten College project would be housed in Palm Hills' The Crown project in 6th of October City, Mohamed Sultan told Thomson Reuters Projects.
He said project is being developed by Palm Hills in partnership with Cairo-based educational services firm Balanced Education Company (BalancEd).
"Construction work is expected to start in the first quarter of 2019, and the school is scheduled to be launched in 2020," Sultan said at sidelines of the launch event.
He said the campus, designed by US-headquartered Gensler, would be built on 60,000 square meters of land and accommodates approximately 2,800 students.
Salma El Bakry, Chairman of BalancEd and Managing Director of Asten College said the partnership with Palm Hills is the result of an agreement signed 18 months ago. She said the project is expected to serve as a model for private schools in Egypt on maintaining international standards.
Asten College is among the first group of 17 schools selected worldwide and one of the only two from the Middle East for the Microsoft Flagship School programme, according to a September 2018 blog post on Microsoft's website. According to the post, the programme partners with "like-minded leaders from around the world across a multi-year engagement to design, develop, and deliver amazing new places to learn."
[1 US Dollar = 17.91 Egyptian Pounds]
(Reporting by Marwa Abo Almajd; Editing by Anoop Menon)
© Thomson Reuters Projects News 2018