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Ministers of Investment and Youth Discuss Boosting Cooperation in the Area of Entrepreneurship
Source: 10/10/2018

The Minister of Investment and International Cooperation Dr. Sahar Nasr met with the Minister of Youth and Sport Dr. Ashraf Sobhi at MIIC premises, in presence of Dr. Nasr's Senior Advisor Dr. Shehab Marzeban, Dr. Nasr's First advisor Mr. Moataz Yaken, Assistant to the Minister of Youth for Foreign Affairs, Investment and International cooperation Dr. Shimaa Abu Abla and Head of the Central Administration for Projects and Youth Training Ms. Manal Youssef.

Both sides discussed intensifying cooperation between both ministries in the field of entrepreneurship and encouraging youth to establish small enterprises through 'Fekretak Sherketak' Initiative launched by MIIC to support startups.

Moreover, both sides tackled supporting and developing youth centers to be integrated centers that provide social services by securing several grants provided by Egypt's development partners. This is in addition to cooperation between both ministries in the Sinai development field as well as the establishment of several joint projects that serve youth and contribute to providing them with job opportunities.

An agreement was reached between both sides to upload all youth-related initiatives launched by MIIC on the Ministry of Youth's portal. Further, the meeting tackled cooperation with Tahya Misr Fund (TMF) in the mobile food units project in collaboration with the Ministry of Military Production, within the framework of the state's tendency to support micro, small and medium enterprises with a view to provide job opportunities and support Egypt's economy.

On her part, Dr. Nasr stated that MIIC gives priority to supporting projects that serve youth believing in their pivotal role in building the society. As for Dr. Sobhi, he thanked the Minister for her efforts in supporting youth that accounts for 65% of Egypt's population. He emphasized that the state was keen on encouraging investment in all fields and carried out several legislative reforms that foster an adequate investment climate for investors, topped by the Investment Law.

This is in addition to the reforms carried out in the sports field and the Sports Law which is in line with the state's tendency to encourage the private sector to invest in all fields in collaboration with MIIC.

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