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Soma Bay

somabay.com

About Soma Bay

Provider of hospitality and tourism services. The company operates a holiday resort located on the Red Sea.

Headquarters Location

Hassan Sabry Street Zamalek

Cairo,

Egypt

20 2 2735 7510

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Latest Soma Bay News

EEP signs agreement for the development of international school in North Coast with Soma Bay

Nov 26, 2022

Saturday November 26, 2022 Advertising Area EEP signs agreement for the development of international school in North Coast with Soma Bay Sources told Daily news Egypt the new school will be owned by Abo Soma Development and will be able to host 300 students when fully operational, adding that the new school is targeted to start operations in September 2024. 2 mins ago Comments Off on EEP signs agreement for the development of international school in North Coast with Soma Bay The Egypt Education Platform (EEP) owned by EFG Hermes and Egypt’s Sovereign Fund signed a new management agreement for the development of a new international school in the coastal city of Somabay, which is located on the Red Sea. Sources told Daily news Egypt the new school will be owned by Abo Soma Development and will be able to host 300 students when fully operational, adding that the new school is targeted to start operations in September 2024. Furthermore, the platform is currently close to finalising a new investment in the education content development space, which is expected to close in the fourth quarter (4Q) of 2022. The sources also said that the platform’s assets currently amount to 18 schools and pre-schools under various stages of development with a combined capacity of 21,000 — 11,000 of which are enrolled. The EEP also started the new academic year across eight operating schools, with all schools exceeding their targeted enrolment numbers for the 2022/23 academic year. Moreover, the platform is exploring potential growth opportunities in the market through future acquisitions or development of new schools. Additionally, final preparations for the start of the upcoming academic year  are currently being completed in two schools — Gems International School of Cairo (GISC) and Hayah West — which are scheduled to start operation next September with a combined capacity of 3,500 students.

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Soma Bay Frequently Asked Questions (FAQ)

  • Where is Soma Bay's headquarters?

    Soma Bay's headquarters is located at Hassan Sabry Street, Cairo.

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