Cairo - The Egyptian Modern Education Systems said it is currently preparing an economic feasibility study (EFS) to establish a private university in Egypt’s New Administrative Capital.

The statement was made in line with the recent news reporting that the company will be setting up a private university in one of Egypt’s new cities, according to a stock exchange statement on Sunday.

Following completion of the EFS study, the company will present it to its board of directors as a prelude to making a decision to increase the company’s capital to finance its expansion. The final cost of the university establishment will be announced meanwhile.

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