Adsero aided The Sovereign Fund of Egypt, mobica, and EFG Hermes in the execution of this groundbreaking deal. As a result, sovereign investment and leading national investment arms have collaborated with GEMS Egypt, an international industry-leading education provider, to create premium education services.
Dr. Hala Al-Saeed, Minister of Planning and Economic Development and Chairman of the Board of Directors of the Sovereign Fund of Egypt, witnessed the laying of the foundation stone for the construction of two schools on the land of the Global Village, in partnership between the Sovereign Fund of Egypt and the Mobica Company, within the framework of the Fund’s plan to exploit movable assets, support education as well as generating good investment returns.
According to the agreed partnership model the Sovereign Fund of Egypt, in partnership with Mobica, will establish the company, provided that GEMS Egypt will manage the two schools for an administrative fee.
Mohamed Abdelgawad, Founding Partner and Head of Corporate and Commercial, and Ahmed Adib, Senior Associate, lead the Adsero team.
Adsero worked alongside Al Tamimi & Company to finalize the management agreement between the project company and GEMS Egypt.
Investment in modern technology-related Education is obviously consistent with the National Structural Reform Programme and encourages the improvement of human capabilities in the labour market.