University of Chicago Receives $24 Million for Egyptian Undergraduates

University of Chicago Receives $24 Million for Egyptian Undergraduates

The University of Chicago has announced a $24.1 million gift from trustee and alumnus Nassef Sawiris ('82) in support of international executive education and a scholars program for Egyptian undergrads.

The gift includes $18.1 million to expand the Sawiris Scholars Program, which enables exceptional Egyptian students to attend UChicago's undergraduate institution, the College, as well as support for the Odyssey Scholarship program, which provides need-blind loan-free financial aid to eligible undergraduates. Support for the Sawaris Scholars Program will boost stipends for travel and living expenses for Egyptian students enrolled at UChicago for a year of intensive study. The remaining $6 million will establish the Chicago Booth Executive Program, a non-degree executive education certificate program at the Booth School of Business in El Gourna, Egypt, that will blend experiential learning with traditional education for students living in the greater Middle East and North Africa region.

Sawiris, who earned a bachelor's degree in economics from UChicago, is CEO of OCI N.V., an international engineering construction contractor and chemical producer. A longtime benefactor of the university, he established the Sawiris Scholars Program in 2007 and endowed it in 2015 with a gift of $26 million. He also has supported the university's Oriental Institute as well as a visiting faculty fellowship program between Egypt and the UChicago Center in Paris.

"We are grateful to Nassef Sawiris for his generosity and leadership in supporting undergraduate students from Egypt at UChicago and Booth executive education in Egypt," said University of Chicago president Robert J. Zimmer. "In addition to its impact on our work with Egypt, it greatly contributes to our overall efforts to expand the global reach of a University of Chicago education."

(Photo credit: Drone Media Chicago)

"$24.1 Million Gift to Support International Students, Executive Education." University of Chicago Press Release 05/15/2019.