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SME Development Agency re-loans EGP 54m to casual workers in Alexandria - Daily News Egypt

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SME Development Agency re-loans EGP 54m to casual workers in Alexandria

EU delegation monitors activities of MSMEDA-EIB agreement


A European Union (EU) delegation has visited several labour-intensive infrastructure projects carried out by Egypt’s Micro, Small and Medium Enterprise Development Agency (MSMEDA) in Alexandria.

The visit aims to monitor the activities of the agreement financed by the EU through a grant delegated to the European Investment Bank (EIB).

The delegation was headed by International Cooperation Officer at the EU mission in Egypt, Vera Morandini, and Head of Technical Support Team, Hartwig Behnfeld.

The delegation was received by Deputy-governor Jackleen Azer and a group of MSMEDA officials, presided by Head of Human and Community Development Central Sector Medhat Massoud, and Manager of MSMEDA Alexandria Branch Mohamed Salah.

“According to the agreement, EGP 54m has been allocated to casual workers to implement a number of projects in El Amerya district, namely substituting/renovating potable water networks, extending sewage lines, and establishing a market for peddlers. More than 64 thousand daily jobs will be created,” Massoud said.

“MSMEDA has selected these projects in coordination with Alexandria governorate to meet the requirements of inhabitants and develop these areas through using casual workers to upgrade their skills to be better enabled to find suitable employment opportunities. Projects of the agreement are currently implemented in 6 governorates: Alexandria, Assiut, Giza, Menoufeya, Port Said, and Sharqeya. The agreement is expected to generate around 321,000 daily jobs for casual workers,” Massoud added.

The agreement aims at improving the quality of life within the targeted governorates through upgrading infrastructure, generating daily jobs and creating the climate appropriate for the growth of small and micro enterprises.

Topics: SME Development

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https://dailyfeed.dailynewsegypt.com/2021/09/27/sme-development-agency-re-loans-egp-54m-to-casual-workers-in-alexandria/
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