ArabFinance: Taaleem Management Services (TALM) has invested up to EGP 600 million in Nahda University in Beni Suef since acquiring it until now, the company’s CEO Mohamed El Rashidi told Al Mal Newspaper.

These investments have been pumped into the development process of the university, including the construction of the faculties of medicine and physical therapy, bringing total faculties at Nahda University to 8, El Rashidi remarked.

The company also plans to add faculties of arts and architecture to the university, as well as to inaugurate the first phase of the university’s hospital soon, he pointed out.

The development cost of the university’s campus, including the infrastructure and activities, has been estimated at around EGP 80 million, the CEO noted.

Moreover, Taaleem plans to invest around EGP 430 million in Nahda University within two years and a half to complete the construction of the hospital, to settle 25% of the value of its land plot, and to add three new faculties, including law, alsun, and agricultural engineering, he said.

The university’s hospital is expected to be opened in April 2022, he said, pointing out that it is set to be fully operational in December 2022.

Established in 2015, Taaleem Management Services Company is engaged in the education sector. It owns Nahda University Beni Suef located in upper Egypt.