Egyptian trade and industry ministry launched Thursday Youth Employment for Socio-economic Stability in Upper Egypt project in Luxor governorate .
The project will be implemented in cooperation with United Nations Industrial Development Organization (UNIDO) and Japanese government.
In his speech that was given by Shereen El Sabagh -an official at the ministry- on behalf of him, Qabil asserted that government’s major priority is to achieve real and comprehensive development in Upper Egypt through Egypt’s Vision 2030.
The project -that focuses on Luxor governorate- targets diversifying the local economy, increasing the resilience of communities and individuals, and integrating young women and men productively into the economy also to avoid phenomena of radicalization or illegal migration.
It also stimulating private sector growth in priority clusters / value chains and, thus, improving the productivity and competitiveness of youth-led start-ups and micro and small enterprises in targeted sectors.
The project promoting technical, vocational and entrepreneurial skills development for underemployed and unemployed youth and women as well as students for enhanced employability and self-employment opportunities.
Minister Qabil noted that the project targets reaching 1,000 beneficiaries as well as dozens of Small and Medium-sized Enterprises (SMEs) and industrial complexes.
The project is expected to boost efficiency of governmental organisations, the minister clarified.
On other side, Representative and Director of UNIDO regional office in Egypt, Giovanna Ceglie clarified that this project comes as pursuant to UNIDO’s keenness to help Egypt achieving sustainable economic growth rates.
The United Nations Industrial Development Organization (UNIDO) is the specialized agency of the United Nations that promotes industrial development for poverty reduction, inclusive globalization and environmental sustainability.