Expanding its scope of operations in the education space, LSE-listed Myanmar Strategic Holdings (MSH) is planning to invest a sum of $1 million towards the setting up of Yangon American International School.
The establishment of Yangon American International School will mark the LSE-listed investment firm’s third initiative in the education sector.
MSH also operates Wall Street English Myanmar, a language training school franchise, and Auston Institute of Management, which offers vocational courses.
Its latest international school project is slated to be completed by the second quarter of 2019, followed by a launch in the same year in August. MSH aims to operate classes from pre-kindergarten to the third grade, in the initial phase.
“Upon opening, Myanmar Strategic Holdings will provide high quality education to students from pre-kindergarten all the way through graduate studies,” said Jonathan Kolb, Partner, Myanmar Strategic Holdings.
Wall Street English Myanmar has three English language centres in the country while Auston College Myanmar offers diploma courses in engineering technology, construction project management and networking, information systems, and security.
The proposed Yangon American International School targets to comply with Common Core State Standards adopted across the U.S. and to align its curriculum with programmes such as the International Baccalaureate.
The project will see its revenue stream come from student fees, admission fees and ancillary services.
“As the first campus reaches capacity, we will evaluate the opportunity to open additional locations in Yangon and other major cities such as Mandalay or Naypyidaw,” said Kolb.
MSH’s other investments in the country include Ostello Bello, a budget hospitality brand and EXERA, a safety and security services company.
In a previous interview with this portal, Enrico Cesenni, CEO, Myanmar Strategic Holdings, had said that the firm would expand its existing business in the education, hospitality and security sectors both organically and by means of acquisition.