Arab Finance: In a move confirming his firm commitment to support and development of the education sector as a goal of sustainable development in Egypt, he announced B.Nick Nick Egypt (Saud) On his participation as a strategic sponsor of the “Fourth annual Investment Summit”, which was established at the Intercontinental Semames Hotel, under the slogan “Investing in Education between pluralism, integration, regional expansion under the auspices of the ministries of finance, planning, economic development and international cooperation, the Financial Supervisory Authority, and the General Authority of Educational Buildings, according to the statement sent on July 16.
The summit aims to support the transformation of education in Egypt into a basic pillar of economic and social development by attracting specific investments, enhancing partnerships between the public and private sectors, developing international partnerships in education, and developing educational models capable of competing regionally and globally.
This comes in a national context that is witnessing a pivotal transformation in the education sector in Egypt, with the number of students in pre -university education approaching 26 million students, and nearly 4 million students in higher education, distributed over various educational institutions throughout the Republic, which reflects the expansion of the beneficiaries base and the volume of investment opportunities available in the sector.
Wassim Al -Mitwalli, head of the strategic planning, sustainability and project management sector, participated in managing the opening session. The session included a number of basic axes, the most prominent of which are: the Egyptian state’s tendencies to support investment in education in light of the new incentives, and the role of foreign educational institutions in transferring experiences, attracting expatriate students and enhancing international cooperation. The session also discussed educational models in different countries that drive to establish educational branches and academic investments outside their borders, especially in the Arab and African countries.
It also highlighted the role of banks in financing the education sector through direct investments, in addition to successful models in the public and private partnerships in promoting educational investment.
The opening session witnessed the participation of a selection of prestigious personalities, including Major General Yusri Abdullah, Assistant Minister of Education for the Affairs of the General Authority for Educational Buildings, Mohamed Mohiuddin Youssef, Advisor to the Chairman of the General Investment Authority and Free Zones (GAFI), Eng. Ateer Hanoura, Head of the Partnership Unit with the private sector in the Ministry of Finance, Ambassador Saleh Motlo Shen, Türkiye's Ambassador to Egypt, Yahya Abu El Fotouh, Vice President of the National Bank Al -Masry.
For his part, the head of the strategic planning, sustainability and project management sector expressed his happiness to participate in this distinguished event, saying: “I was honored to meet the various actors, whether from government officials, representatives of the banking sector, and our international partners, through a constructive dialogue that resulted in realistic recommendations that reflect the seriousness of the direction towards developing education in Egypt.”
Al -Mitwali added: “We are not discussing an investment in a traditional sector, but rather discussing investment in the future. With the presence of more than 30% of the population under the age of 15 years, and about 27% in the age group from 15 to 29 years, the development of human wealth becomes a strategic necessity, not an option. From this standpoint, Al -Baraka Bank continues its efforts to support education as one of the best and deepest forms of long -term investment, in a way that is consistent with our vision for sustainability And achieving a real development effect. There is no more important thing, and there is no more important for the human being.
It should be noted that, within the framework of Al -Baraka Bank’s commitment to support education as one of its developmental priorities by enhancing investment in human capital, the bank made a number of qualitative initiatives, the most recent of which is the signing of a memorandum of understanding with the Delta University of Science and Technology, and organizing interactive activities targeting more than 9,500 students.
The bank also contributed to preparing a computer laboratory at Al Suwaidi University – Polytechnic Egypt (SUTECH) and supporting the operational expenses of the Yahya Sons Community School in Sohag Governorate in cooperation with the Foundation “Who revived it”, for the benefit of 200 children.
The bank also provided exclusive facilities for Edugate visitors, the largest university forum in Egypt, including exemptions on financial inclusion accounts and youth accounts.
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