Egyptian property developer Capriole Group is planning to expand in the education sector in Egypt through its Aspire Smart Schools, the company's chairman said. 

Last year, the Group launched the first Aspire School with British curriculum in New Cairo at an investment of 1 billion Egyptian pounds ($64 million). 

Mohamed Mofeed told Zawya Projects that the company will open a 1,200-capacity Aspire school in the New Administrative Capital (NAC) at an investment of 500 million pounds ($32 million) in 2022, followed by another 1,200-capacity school in 2023 in the Fifth Assembly at an investment of about 400 million pounds ($25 million). 

The real estate company is currently building the 1.5-billion-pound ($95 million) Linx business tower in the NAC. 

(1 US Dollar = 15.73 Egyptian Pounds) 

(Reporting by Eman Hamed; Editing by Anoop Menon) 

(anoop.menon@refinitiv.com) 

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