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Friday, 07 May 2021

Egypt’s MSMEDA, EU ink financing contracts worth $228 mln for infrastructure projects in 11 governorates

The projects aim at countering irregular immigration and improving the living standards of people in these governorates

Doaa A.Moneim , Wednesday 28 Oct 2020
Views: 3930
Views: 3930

The Micro, Small and Medium Enterprise Development Agency (MSMEDA) announced on Wednesday the inking of a number of financing contracts with the European Union (EU) that aim to implement infrastructure and community development projects in 11 governorates with a total of EGP 228 million.

The projects are aimed at countering irregular immigration and improving the living standards of people at these governorates.

Egypt’s Minister of Trade and Industry and also Head of MSMEDA Nevin Gamea said that the projects came as contribution to Egypt’s Ministry of Immigration's efforts concerning its “Survival Ships” initiative that also aims at countering irregular immigration.

She added that the projects also focus on creating a suitable environment for establishing micro, small and medium-sized projects in these governorates, and that they target providing job opportunities for irregular, half-skilled and unskilled labourers.

Gamea also noted that these projects are expected to provide 335,000 job opportunities during their implementation process.

In December 2019, MSMEDA signed a 27 million euro agreement with the EU on uprooting illegal immigration as a part of the cooperation between the two sides in the field of heavy-labour infrastructure and community development projects establishments as one of the effective mechanisms that contribute to decreasing unemployment among irregular labourers, as according to MEMEDA.

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