Cairo – Mubasher: Cairo For Investment and Real Estate Development announced that it is currently in negotiations with German Saxony International School (SIS) to establish international schools in Egypt.

No agreement has been signed yet as Cairo Investment is still in talks with the company to set up German schools in 6th of October city, according to a bourse disclosure on Thursday.

The Egyptian firm is looking for new investment opportunities in the education sector based on the market needs.  

It is worth mentioning that during the September-November period of 2019, the company logged a net profit of EGP 105.8 million, compared to EGP 62.8 million, including minority shareholders’ rights.