IFC Investing $14 million in Dubai-based EdCap

IFC, the mighty member of the World Bank Group with $16.2 billion investment in 2008, just announced investing $14 million in Dubai-based First Education Holding (EdCap).

First Education Holding, formerly Addax Education Holding and also known as EdCap, is established in May 2008 by a team of education and private equity professionals in partnership with two regional investment banks, to invest in and manage for-profit K-12 schools and other education related businesses across the Middle East.

Recently everybody is talking about investing in Education in the Middle East. It is nice to see that these guys are actually doing it.