A Singapore-based private education provider "Raffles Education Corporation" has agreed to invest US$ 20
million (S$ 25 million) over five years to set up a private university in Sri
Lanka.
Raffles Education Corporation of Singapore has announced that its
wholly-owned subsidiary, Raffles Assets (Private) Limited, has signed an
investment agreement with Sri Lanka's Board of Investment to establish Raffles
University Sri Lanka.
The Singapore Company has said that it received approval from Sri
Lanka's Higher Education Ministry.
Chairman and CEO of Raffles Education Corp have said that Sri Lanka is
an emerging market filled with opportunities and with economic growth, there
will be increased demand for university education.
Raffles Education Corporation is the largest private education group in
Asia-Pacific and currently operates 33 colleges in 30 cities across 13
countries, offering a broad-based education in diverse disciplines.
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The University of Central Lancashire (UCLan)
Related News
Private Universities in Sri Lanka - Click Here
The University of Central Lancashire (UCLan)
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