The European Investment Bank
The European Investment Bank (EIB) has allocated a grant worth EGP 54 million for casual workers in Alexandria, Egypt’s Micro, Small and Medium Enterprise Development Agency (MSMEDA) announced on Monday.
The sum will be extended through the MSMEDA.
The $54 million grant will support a number of projects in El-Amerya district; namely substituting and renovating potable water networks, extending sewage lines and establishing a market for peddlers, which is expected to create over 64,000 daily jobs.
“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 under the agreement are currently implemented in six governorates: Alexandria, Assiut, Giza, Menuofiya, Port Said and Sharqiya. The agreement is expected to generate around 321,000 daily jobs for casual workers,” said MSMEDA head of human and community development Medhat Massoud.
The agreement aims to improve the quality of life for targeted governorates by upgrading infrastructure and generating daily jobs.