Plato

completed

Plato is a Turkish private education provider which started operations in 2009 with two vocational education institutes; Plato College for Higher Education in Istanbul, Turkey and Plato University of Management and Design in Bishkek, Kyrgyzstan. Plato has grown from 70 students in academic year (AY) 2009-2010 to 1900 students in AY 2012-2013. Plato currently operates six vocational training centers in Turkey (additional five to be operational in the coming months) and one university in Bishkek, Kyrgyzstan. Plato is implementing its 2012-15 expansion plan which constitutes: (i) expansion of its vocational learning centers across Turkey, (ii) introduction of new programs in its existing university in Bishkek and establishment of vocational training centers in Kazakhstan, and (iii) entrance into the Middle East and North Africa region with offering of quality post secondary vocational education programs relevant to labor market needs, thereby contributing to the goals of IFC’s e4e Initiative for the Arab Youth (“e4e”). The total Project cost is estimated at US$ 12 million and IFC is proposed to fund a portion of this investment program.