Establishing 200 small projects for Egyptian youths

The Egyptian Social Fund for Development, headed by Hussein El-Gamal, started executive steps for establishing 2,000 small industrial projects for Egyptian youths to provide 11,000 job opportunities with a finance of 100 million LE presented by Misr Bank.

The outcome of the specified financing for these projects has reached 1,250 million LE so far to serve small and medium-sized industrial projects for Egyptian youths to confront the unemployment problems that prevail among the graduates of Egyptian institutes and universities, in addition to establishing a fair and conference for investors in September 2000.

It also established a company for marketing products from these projects and another one to import modern technology for the projects of Egyptian youths.