Gems Education has announced that it has exercised its option to initially buy a 50 per cent stake in four schools in Egypt which it has been managing since it entered the market earlier this year.

As part of its 50/50 joint venture with EFG Hermes, Gems Education plans to acquire over 30 schools in Egypt over the next five years.

The four national and British curriculum schools, located in Rehab City and Madinaty, include The British International School Madinaty, two branches of Madinaty Integrated Language Schools and The British School Al-Rehab.

Dino Varkey, CEO of GEMS Education, said: "Our international expansion comes close on the heels of our consolidation within the UAE market which has been our home base for over six decades. We are committed to growth in the Egyptian market under terms set out in our joint venture with EFG Hermes, and we look forward to building on our partnership."

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