MSMEDA Invests EGP 1Bn In Luxor To Support Small Businesses, Community Development: Rahmi
(MENAFN- Daily News Egypt) The Micro, Small, and Medium Enterprises Development Agency (MSMEDA) has invested EGP 1bn in Luxor from July 2014 to December 2023, according to its CEO Basil Rahmi. Out of this amount, EGP 902 funded 31,000 small and micro enterprises, creating about 55,000 jobs for the residents. The remaining EGP 124m went to community development and infrastructure projects, generating about 1.7 million workdays for irregular workers.
Rahmi said that MSMEDA is eager to collaborate with various development partners, both international and local, to implement community projects that help address the root causes of irregular migration.
Rahmi made these statements after signing a contract with Mostafa Elham, the Governor of Luxor, to restore the Martyr Hassan Galal School in the village of Al-Bairat, Qurna. The project is funded by a grant of EGP 4m from the European Union, as part of an initiative to tackle irregular migration. The signing ceremony was attended by Walid Darwish, the Head of the Central Sector for Human Resources and Community Development in MSMEDA, and other officials from the agency and the governorate.
Rahmi explained that the project in Qurna will provide 3,703 working days for irregular workers, and benefit about 20,000 people in the area.
The school will offer education services for their children in the basic stages, which will help build a new generation of young people with suitable skills to enter the labor market.
Elham, the Governor of Luxor, emphasized the governorate's commitment to coordinate and work with MSMEDA to improve the infrastructure in the most needy villages and centers in the governorate.
Elham also said that the governorate is keen to cooperate with the relevant authorities to implement national policies to address irregular migration, by providing adequate job opportunities for the citizens and enabling them to make the best use of the resources and potentials in Luxor.
The project aims to create the proper environment for establishing new small enterprises, as well as providing training and qualification programs that allow the beneficiaries to obtain suitable job opportunities in areas where irregular migration is common.
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