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Sirra for Education invests 3bn for expansion
Sera Education Company plans to invest approximately 3 billion Egyptian pounds (around $60.6 million) to expand its educational facilities in Egypt. The company's goal is to add two new schools and two university campuses, increasing capacity by 12,000 seats in both higher education and pre-university sectors, which will raise the total number of seats to over 57,000. The company aims to increase the number of students annually by between 7,000 and 10,000 students, and it plans to open two universities in Damietta and Cairo. Additionally, it is negotiating with banks to finance part of the expansion, leveraging its strong financial position, having surpassed 1 billion pounds in profits for the current year. By 2035, the company seeks to increase its capacity to more than 200,000 seats and achieve robust financial growth, having increased profits by 108% over nine months, with revenues rising to 4.9 billion pounds, supported by its investment entry into the Saudi investment fund.
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