Dubai-based GEMS is developing plans of expansion in southeast Asia and beyond.
‘GEMS Education’ is a for profit operator of private kindergarten to grade 12 schools. It is the largest education organisation in the world with 150,000 pupils and more than 11,000 teachers across the Middle East, Africa, Europe, China and India.
It lately started looking at opportunities to expand in new markets such as Indonesia, Vietnam, the Philippines and China in 2015. Its first school in the US just opened in Chicago and it plans to open an another one in New York.
Founded in the 1960’s, GEMS company is well represented in the United Arab Emirates with 12 schools and is also in Qatar, Egypt, Kenya, the United States, Switzerland, Uganda and India.
GEMS opened its first school in Singapore in September 2014, and will open its first school in Malaysia in September 2015, said the founder of the firm, Sunny Varkey.
The company did not say what amount they were looking to invest but the expansion plans came after a group led by Dubai’s Fajr Capital took a “minority but significant stake” in the firm late last year.