Egypt’s training funds invests EGP236m since 2003

By Aya Anwar On Aug 19, 2024

The Minister of Labor, Mohamed Gaber, chaired a meeting of the Board of Directors of the Training and Qualification Fund at the ministry's headquarters in the New Administrative Capital on Monday - Cabinet

The Egyptian Ministry of Labour has reported that its Training and Qualification Fund has invested a significant amount of 236 million Egyptian pound to enhance vocational training and rehabilitation since its inception in 2003.

The announcement came during the fund’s board meeting chaired by Labour Minister, Mohamed Gaber, in which they reviewed the fund’s financial performance for the fiscal year 2023/2024 and the ongoing and future activities.

Emphasising the development of training centres, the minister highlighted vocational training as a critical priority for preparing youth for the labour market. The board also considered a proposal for collaboration with the Egyptian Federation of Industries (FEI) to improve training centres, particularly in the ready-made garment sector.

Attribution: The Egyptian Cabinet

Subediting: M. S. Salama