Sources told Daily News Egypt that the university will be built over two phases. The first will be completed by September 2024.
The sources added that the aim of increasing the company’s capital is to accelerate the university’s construction operations.
The sources also stated that SB Investment is owned by a number of businessmen working in the paints sector in Egypt, refusing to disclose their names.
Taaleem indicated that it will retain its full right to manage the university’s operational and financial aspects, noting that the university’s file has been approved by the Ministry of Housing and the Supreme Council of Universities.