Global School Management (GSM) and Safanad, founding investor, are taking part this week in Future Investment Initiative (FII) 6, a three-day global summit in Riyadh. Convening the world’s foremost CEOs, policymakers, investors, entrepreneurs, and young leaders, FII’s goal is to shape the future of international investment and the global economy.
Represented by Ron Packard and Kamal Bahamdan, GSM and Safanad aim to put innovation and investment in education high on the program’s agenda. Together they announced an initial investment of $200 million in the MENA region’s education sector.
Kamal Bahamdan, Founder and CEO of Safanad, said: “We are delighted that GSM is significantly expanding its presence in the MENA region and to be announcing it during FII 6, an event that promotes growth in vital sectors such as education and where notable global education peers and innovators have gathered to discuss the future of the industry. GSM will bring international best practice in education and leverage its innovative technologies and capabilities around school management and development to help expand capacity and enhance the quality of education available in this market.”
Ron Packard, Founder and CEO of GSM, said: “Through our subsidiary GSM Middle East, we are strategically positioned to expand our presence in a fast-growing education market where students want a high quality international education…we also hope to serve as a strategic partner to regional governments by cooperating with them in public private partnership initiatives. We see long-term opportunity for private international education in MENA, where there is strong demand from families for a high-caliber education and a commitment from governments to ensure these needs are met. With a seasoned team of experts with deep local knowledge and a track record of success across continents, we look forward to broadening access to world-class international education for students in the region.”
Read the full article on TradeArabia.