Egypt’s Al-Sewedy : Private Sector , Govt Combat against Poverty, Unemployment

Ahmed Al-Sewedy, the Managing Director of the Egyptian group El Sewedy Electric said the private sector is ready to cooperate with the government in order to combat poverty and unemployment which spread in some geographic regions across republic, especially Upper Egypt through pumping more investments.

Al-Sewedy has informed Amwal Al Ghad that the poverty and unemployment files are from the hardest files which the government is facing in the light of following free market policies such as the freedom of production and individual ownership, which confirms that the face of these files are not based on the responsibility of the government, but on investors as well.

He further added that the government is not the primarily responsible for the investment and to direct institutions to serve individuals in parts of certain geographical high rates of poverty and unemployment issues-for example Upper Egypt, but its role is to create an appropriate atmosphere for investments to be involved investors themselves in the distribution of their investments on the areas with high rates of poverty from the reality of their social responsibility.