Al Ahly Sabbour Signs an MOU with LVNG for School Management to Develop two International Schools at The City of Odyssia in Mostakbal City

• Al Ahly Sabbour invests EGP 650 million in providing New Cairo with first-rate educational services Cairo, October 21st – During a press conference held at the Dusit Thani hotel, the leading developer in the Egyptian real estate market signed a memorandum of understanding with New Giza for School Management (LVNG Learning Environments). The agreement will allow the two entities to develop two international schools with a total investment of EGP 650 million on an area covering 30,000 m2 at the City of Odyssia in Mostakbal City. By merging their experiences in both real estate and educational development, the two entities will partner to offer a stimulating learning environment supported by international accreditation agencies, quality educators, and state-of-the-art facilities. The new project is expected to start operating in 2023. “Since day one, as Al Ahly Sabbour, we’ve sought out partnerships that not only add value to our endeavors, but also help us achieve our vision to offer unique, state-of-the-art real estate products,” said Eng. Ahmed Sabbour, CEO of Al Ahly Sabbour. He went on to describe the agreement with New Giza for School Management as “a tremendous leap towards creating a comprehensive cultural hub. Through their brand LVNG, New Giza for School Management is projected to add a new tier of quality living to the City of Odyssia. It is our most important project to date, one that is set to bring immense value to the vital area considered as a golden triangle between Mostakbal City, New Cairo, and the New Administrative Capital.” On his behalf, Mr. Amr Elseginy, CEO of New Giza for School Management (LVNG), added: “We believe in the excellence and individuality of every learner; thus, we are keen to develop encouraging and stimulating educational environments that promote creative and self-discovery skills in academic, personal, sports, artistic, cultural and health domains, which we are thrilled to introduce to this new cultural and educational hub at Al Ahly Sabbour’s City of Odyssia. Elseginy added: “At LVNG, we pursue accreditation and partnership with the top local and international accreditation bodies to ensure providing the highest quality research-based educational services.” LVNG prides itself on the joint accumulative years of experience brought by the founders and the executive team in establishing, developing, and managing distinguished international educational projects. Recently, since 2015, the company has established an exemplary international educational complex in west Cairo. It includes Lycée Albert Camus, which offers a French international program accredited by the AEFE representing the French Ministry of Education followed by Evolution International School, which provides an unprecedented educational model based on the Montessori system for early years, the British IGCSE system and the International Baccalaureate IB Diploma Progamme. The school is also an accredited member of CIS (Commission of International Schools). The educational complex also includes New Giza Nursery for pre-school children. More on LVNG activities and projects is available on their website www.lvng.net In partnership with El Mostakbal For Urban Development, the master developer of Mostakbal City, The City of Odyssia is based in a prime location, 15 minutes from the American University in Cairo while being adjacent to the New Administrative Capital. This project, which sees a total of EGP 29 billion in investments, is planned to be delivered over seven phases; three of which, “The Ridge,” “Alaire,” and “Alaire Park” have already been launched and contain mixed-use and residential components. Moreover, the project features a unique architectural style designed by the world-renowned architecture firm Gensler, on an area of 528 acres. Its urban design was executed with careful attention to cater to all needs and tastes, as well as to provide the highest levels of privacy to its customers, bringing together luxurious apartments, villas, twin and townhouses. With vast green and recreational areas, services, cultural and artistic hubs, The City of Odyssia provides a healthy and lively atmosphere to its people, set to start delivering towards the end of 2022.