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[Funding News] NextEra Education launches with $42 million to transform Egypt’s education

With an investment of $4.2 million (EGP2 billion), a group of Egyptian businesspeople led by Mohamed Farouk, Ahmed Tarek, Mustafa Abd Ellatif, and Mokhtar Ahmed formed a coalition to create NextEra Education, a project to modernize Egypt’s educational system.

The program intends to provide Egypt with top-notch education by incorporating cutting-edge AI technology, revamping conventional curricula, and working with esteemed foreign universities. In partnership with top global universities and educational institutions, NextEra Education will provide a variety of specialized programs in subjects like business administration, data science, analytics, cybersecurity, AI, and programming systems.

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With over EGP2 billion in funding, NextEra Education, a revolutionary educational venture, proudly announces its founding with the goal of fundamentally altering Egypt’s educational system. A strategic collaboration between EYouth, prominent businessmen Mohamed Farouk and Ahmed Tarek, and forward-thinking businessmen Mustafa Abd Ellatif and Mokhtar Ahmed produced this large-scale enterprise.

Egypt will soon be able to access top-notch education because to NextEra Education’s integration of cutting-edge AI technology, revamping of conventional curricula, and partnerships with esteemed foreign universities.

The goal of NextEra Education is to provide students with the information and abilities needed to thrive in a global economy that is changing quickly, in order to overcome the serious shortcomings in Egypt’s current educational system. The project will concentrate on integrating AI into the teaching and learning process to provide students with individualized, state-of-the-art education that will equip them for the workforce of the future.

Mustafa Abd Ellatif, CEO of NextEra Education and EYouth, said, “NextEra Education is more than just an educational institution; it represents a bold step forward in redefining the future of education in Egypt.” “Our significant investment, coupled with AI integration and global partnerships, ensures that our students will not only meet the demands of today’s job market but will also be the leaders of tomorrow.”

The CEO of Mobica and Chairman of NextEra Education, Mohamed Farouk, emphasized the initiative’s transformative potential. “Our objective is to establish an ecosystem for education in Egypt that connects ancient approaches with contemporary economic demands. By integrating AI and making these investments, we are raising the bar for quality education in Egypt.”

The strategic significance of this partnership was emphasized by Ahmed Tarek, Chairman of Swiss Co. and Allianz Logistics & Services Holding and Board Member of NextEra Education. “By combining expertise from both business and education sectors, NextEra Education will equip the next generation of Egyptian leaders with the tools they need to compete on a global stage.”

About NextEra

Nextera Education They are a leading education platform that is dedicated to helping students around the country make the best choices for their future. At Nextera Education, we understand that choosing the right university and the right platform is an important decision that can shape your entire life. That’s why they offer a range of options to suit every student’s needs.

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