PROJECT

Projects

Summary of Investment Information

Project Number

32773

Company Name

INSTITUT DES HAUTES ETUDES DE MANAGEMENT

Date SPI Disclosed

Feb 25, 2013

Country

Morocco

Region

Africa

Projected Board Date

Mar 29, 2013

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Sep 30, 2022

Department

Regional Industry - MAS Africa

Industry

Health, Education and Life Sciences

Previous Events

Approved : Apr 16, 2013
Signed : Apr 25, 2013
Invested : Feb 10, 2014

Sector

Colleges, Universities, and Professional Schools

Project Description

HEM Group (‘HEM’) or ‘Institut des Hautes Etudes de Management’ is a private Moroccan business school that currently operates 5 campuses in Rabat, Casablanca, Marrakesh, Tangiers, and Fes and serving 2,200 students. Founded in 1988, HEM has built a model based on strong pedagogical methods, yet relevant to Morocco''s social and economic realities.

With a strategic eye on future growth, the Group is undertaking a US$20 million investment program to support the Group’s expansion plans in Morocco which includes the constructing and replacing its existing campus in Rabat, the geographical expansion of HEM business schools into 2 new cities and the establishment of a new private technical university in Casablanca.

The Project is being proposed within the context of IFC’s E4E Initiative for Arab Youth (“E4E”), which supports private sector provision of quality, job-oriented higher education in a country with rapidly growing population making employment imperative and most urgent.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation