A coalition of EYouth and prominent Egyptian businessmen, including Mohamed Farouk, Ahmed Tarek, Mustafa Abd Ellatif, and Mokhtar Ahmed, has launched the NextEra Education initiative with a substantial investment of $42 million (EGP 2 billion). The initiative seeks to modernize Egypt’s educational system by incorporating advanced AI technologies, updating traditional curricula, and forming partnerships with renowned international universities to deliver top-tier education in Egypt.
NextEra Education will offer a variety of specialized programs in collaboration with leading global universities and educational institutions, focusing on fields such as programming systems, cybersecurity, artificial intelligence, business administration, data science, and analytics. This groundbreaking initiative aims to reshape Egypt’s education landscape through over $2 billion in investments and is the result of a strategic partnership involving EYouth, key business figures like Mohamed Farouk and Ahmed Tarek, as well as innovative entrepreneurs Mustafa Abd Ellatif and Mokhtar Ahmed.
The main goal of NextEra Education is to tackle the challenges within Egypt’s current education system by equipping students with the skills needed to excel in a rapidly evolving global economy. The initiative will prioritize integrating AI into learning processes, offering personalized and advanced educational experiences to prepare students for future workforce demands.
“NextEra Education represents a revolutionary shift in Egypt’s educational landscape,” said Mustafa Abd Ellatif, CEO of NextEra Education and EYouth. “Our significant investment, AI integration, and global partnerships ensure that our students will not only meet today’s market demands but will also lead the future.”
Mohamed Farouk, CEO of Mobica and Chairman of NextEra Education, emphasized the initiative’s transformative potential. “Our mission is to create an educational ecosystem in Egypt that bridges the gap between outdated methods and the needs of the modern economy. Through these investments and AI integration, we are setting a new standard for educational excellence.”
Ahmed Tarek, Chairman of Swiss Co. and Allianz Logistics & Services Holding and Board Member of NextEra Education, highlighted the importance of collaboration. “By combining expertise from the business and education sectors, NextEra Education will provide the next generation of Egyptian leaders with the tools to compete on the global stage.”
NextEra Education has formed partnerships with prestigious institutions, including:
- University of Minnesota
- Drake University
- Illinois Institute of Technology
- Collège de Paris
- Nexford University
- 01 Talent Coding School
These collaborations will allow NextEra Education to offer internationally accredited bachelor’s degrees in cutting-edge fields.
Mokhtar Ahmed, COO of NextEra Education, expressed his excitement for the initiative. “We are dedicated to creating an educational environment that not only meets global standards but also encourages innovation and creativity among students. This is the start of a transformative era for education in Egypt.”
Discover the State of Funding in MENA – 2019 to 2023 :
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