Egyptian tycoon Sawiris says invests in jobseekers’ online portal

Egyptian business tycoon Naguib Sawiris announced that he had invested in an online portal for jobseekers in the Middle East,

“In an effort to combat unemployement, I invested in” Sawiris tweeted Wednesday.

Officially launched in July 2015, the online portal’s platform is based on enabling jobseekers to register their data, while the employers look for these jobseekers through Shaghalni, which facilitates linking the job seekers to the companies offering vacancies.

About 900 companies have registered to look through the jobseekers’ profiles, amid plans to increase them to 10,000 in 2016, CEO of Shaghalni Omar Khalifa told reports last December.  There are 10,000 users registered on the website and the company targets increasing them to 50,000 by the end of 2016.

The users living in Cairo make up approximately 30 percent of the platform’s database, Khalifa said, while the rest are distributed in other governorates. The company depends on the conferences and marketing through the internet to promote its services, aiming to gain fame and attract more users.

Shaghalni targets expanding in the Sudanese markets and the markets of the Gulf countries, especially in Saudi Arabia, the UAE, and Kuwait.