The Greek Mac Optic Group is investing 300 million pounds to establish an academy and five international schools in Egypt, as stated by the company’s CEO, Ahmed Radwan, in Al-Mal newspaper, without specifying the expected timeline for completing these investments. Radwan indicated that the new schools will be located in Cairo, Alexandria, Mansoura, Port Said, and Minya, while the academy will be in Cairo and will specialize in engineering and economics. The French non-profit MLF Foundation will manage the schools and the academy, providing graduates with certificates similar to those received by students in France.
The new entities are planned to be funded through Mac Holding, the new investment arm of Mac Optic, which focuses on Egypt. Mac Holding was established last year with a capital of $100 million to invest in financial services, media, education, and healthcare sectors.
About the company: Mac Optic Investments was founded in 1995 in Greece, starting as a supplier of military equipment but later expanding into various other industries such as cement, food products, medical supplies, and refining. The company operates in nine countries across the Middle East, Europe, and the United States.
