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

  • Date: 28-Oct-2020
  • Source: Ahram
  • Sector:Real Estate
  • Country:Egypt
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Egypt’s MSMEDA, EU ink financing contracts worth $228 mln for infrastructure projects in 11 governorates

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