Learning and education solution company Alpha DX will be establishing and managing a so-called “next-gen” university in Uzbekistan.
This is the company’s first public and private partnership, and is part of an MOU signed between the company and Uzbekistan’s ministry of higher and secondary-specialised education.
See more: Alpha DX signs MOU with Uzbekistan government to develop learning platform for new university
Under the MOU, Alpha DX subsidiary ZioNext will develop and implement a “next-generation ubiquitous learning platform” for the Asnaro University of Uzbekistan (AUU).
This will be managed via a joint venture between the ministry and Alpha DX, and is expected to be funded with US$50 million by the joint venture partners. It will primarily be channelled towards the development and growth of AUU.
Moving ahead, Alpha DX said the scope of the joint venture may be expanded to include the transformation of the entire public education system of Uzbekistan.
Scheduled to open in the third quarter of 2022, AUU will have two campuses in Uzbekistan with the main campus located in Tashkent, the capital city, and the second campus located in the city of Andijan.
The company said it has a focus on integrating a wide range of digital technology in education and businesses through strategic collaborations and partnerships and aims to transform learning and education into a “fully personalised and ubiquitous learning experience for all learners across the world.”
Alpha DX’s CEO, Mr Daiji Yamada, said, “Many verticals within the education industry have been disrupted by the pandemic and in fact, we are operating in a market that is growing at a dramatic rate...This PPP joint venture with Uzbekistan is a corporate milestone for Alpha DX and it fits well with our growth strategy, enabling us to further expand our technological and intellectual resources in the global digital learning industry.”
Shares of Alpha DX closed at 34 cents on Sep 1, three cents up or 9.85% higher compared to its previous close.
