Last Update 22:17
Friday, 15 November 2019

Egypt plans initiative to tackle unemployment: State report

Govt aims to slash jobless rate to six pct in a decade with trade ministry kicking off proceedings by saying it will allocate new land for factories

Ahram Online, Sunday 30 Sep 2012
Share/Bookmark
Views: 1442
Share/Bookmark
Views: 1442

Egypt's Cabinet is teaming up with the private sector to prepare a national programme for employment and training with the goal of reducing joblessness to 6 per cent by 2022, the country's state information service said on Friday.

The report came after a Thursday meeting focusing on Egyptian unemployment and attended by Prime Minister Hisham Qandil, several cabinet ministers and the Secretary General of the Social Fund for Development. 
 
Official figures show an unemployment rate of around 13 per cent as of mid-2012, with some 3.395 million Egyptians officially out of work.
 
Minister of Planning and International Cooperation Ashraf El-Arabi was quoted as saying the government aims to reduce Egypt's unemployment rate to 9.5 per cent by 2017 and 6 per cent by 2022.
 
Meanwhile, the Ministry of Trade and Industry said up to 20 million square metres of land will be allocated this year for industrial premises, potentially creating 4,000 factories and some 200,000 jobs.
Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.
Latest

© 2010 Ahram Online.