2,103 SMEs implemented as part of social development project in May

A national project to achieve social development has contributed to implementing 2,103 ventures in May using loans worth 300 million pounds, the local development minister has said.

Those projects have helped secure 18,000 jobs for youth across Egypt, Mahmoud Shaarawy said in a statement Friday.

He put the total number of ventures implemented so far at 172,365 with loans worth 19 billion pounds, adding that more than 1.7 million jobs have been created in the process.

Shaarawy said President Abdel Fattah El Sisi is concerned with the small and medium-sized enterprises (SMEs) and always orders coordinated action to ease obstacles facing youth.

Source: State Information Service Egypt

Previous Article

Huawei and Temenos Announce Technology Partnership Agreement

Next Article

‫Viasat Ramps لخدمات الأقمار الصناعية في الشرق الأوسط وأوروبا الغربية تُوقِّع على صفقة تأجير سعة النطاق الترددي Ka-Band مع شركة Avanti Communications قبيل إطلاق ViaSat-3

Related Posts


President Joe Biden is leading the United States 'into oblivion,' Donald Trump told the Conservative Political Action Conference in Maryland on Saturday, promising to stop wasting US taxpayer money on 'stupid' foreign wars as he rallies support for a p...

Nigeria President Leaves Jeddah

Jeddah, President Muhammadu Buhari of Federal Republic of Nigeria left Jeddah today after performing Umrah rituals.At King Abdulaziz International Airport, he was seen off by Prince Saud bin Abdullah bin Jalawi, Advisor to the Governor of Makkah Region...