MSMEDA Partners with EU, AFD to Develop Mit Uqba, Ard El Lewa in Giza

Ahram Online , Wednesday 17 May 2023

The Micro, Small and Medium Enterprise Development Agency (MSMEDA) has recently partnered with the Giza governorate to embark on an ambitious endeavour. With an investment of EGP 22 million ($726,753.89), they aim to upgrade and revitalize the Mit Uqba and Ard El Lewa districts in Giza.

Giza Governor with Representatives of AFD, MSMEDA.
Giza Governor with Representatives of AFD, MSMEDA.


This initiative falls under the Unplanned Areas Upgrading and Employment Enhancement Programme (UAUEEP).

The programme is funded by a grant delegated to the French Development Agency (AFD) through the EU, according to a press release Tuesday.

"The new projects are expected to create 14,000 temporary job opportunities and benefit around 50,000 residents. They depend on labour-intensive methods to generate more temporary jobs," MSMEDA CEO Bassel Rahmy said.

"The MSMEDA is continuously establishing strategic partnerships with international donor agencies," he added.

Rahmy noted that "Such partnerships translate into cooperation to help achieve our common sustainable development goals, which align with Egypt's Vision 2030." 

Giza Governor Ahmed Rashid said government entities are working to improve living standards. The Giza governorate and the MSMEDA are cooperating to encourage small enterprises to meet the needs of residents in these areas, he added.

Since July 2014, the MSMEDA has financed 55,600 small enterprises in Giza with EGP 1.9 billion ($61,452.48) and created 81,300 jobs. It has also allocated EGP 331.9 million ($10,735,367.57) to implement community projects, generating over two million temporary jobs in Giza.

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