The Cairo Investment and Real Estate Company (CIRA) has announced it has started digging and construction activities in the first phase of the Badr University in Assiut (BUA).
The project is planned to include a range of facilities over the 81-feddan plot that will house the BUA and the Global International Campus. The facilities will include a number of faculties, community colleges, student services, commercial complex, and a hospital, and is set to become a state-of-the-art learning and community service centre in the heart of Upper Egypt.
The BUA is set to become a branch of the Badr University in Cairo (BUC), which itself has been intensively increasing its educational facilities and capabilities. This has notably take place in the BUC’s inking of an agreement with the University of Arizona’s online learning platform. The BUC has also come to an agreement with the Swiss Business & Hotel Management School for the coming 2020/2021 academic year, which will provide the foundation for BUC’s new international campus.
Meanwhile, CIRA has purchased 5-feddan plot in Sohag governorate, worth a total of EGP 21.6m, for the purpose of constructing an international school.
CIRA will hold its general assembly on 27 September, during which participants will discuss the EGP 84m, or 0.14/share (DY 1.1%), cash dividend distribution for the current year.