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UAE’s Abraaj teams up with Egyptian education provider Tiba

UAE’s Abraaj teams up with Egyptian education provider Tiba
Photo Credit: Arabianeye-Reuters

Cairo – Mubasher: UAE-based The Abraaj Group announced a partnership through its second generation North Africa Fund (ANAF II) with Egyptian education services provider Tiba Group.

Operating through three verticals and seven educational institutions in Egypt,  Tiba has grown from one K-12 school (Thebes School) to cover both the higher education segment through the Thebes Academy chain, and university-level education through Nahda University.

Abraaj also announced the formation of an Education Management Company that will provide management support services to educational institutions in the populous Arab country, a statement revealed on Wednesday, adding that this investment comes as part of its strategy for the MENA region.

“Tiba marks Abraaj’s second investment in the education sector in Egypt, and its fifth globally,” the investment firm said, noting that it had announced an investment in CIRA, the largest K-12 private schools group in Egypt with over 20 owned and operated schools under the widely recognized ‘Future Schools’ brand in 2014.

Egypt’s education sector is currently seeing growing demand, driven by favourable demographics and a growing population. Egypt has a population of 87 million, of which over 20 million are enrolled students nationwide, 18.3 million of whom are in K-12 schools.

Abraaj and Tiba’s management team will focus on enhancing its curricula and brand to increase enrolment, upgrading its facilities, and expanding partnerships with potential employers to increase job placements for its University and Academy students,according to the company statement.