Egypt HCCD training unit negotiating for foreign funding in 2019

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Egypt’s newly-established Capacity Development Competitiveness for Training (Quodrat) is seeking to sign funding agreements with a bunch of foreign entities within 2019, its chief executive said Thursday.

Quodrat is an affiliate to the country’s Holding Company for Construction and Development (HCCD).

The anticipated funding will finance Quodrat’s plan to expand its investments into training field within next year, Amr Sadik said.

“We are already in talks with a number of foreign entities to attain the required funding,”

The Egyptian official referred that his company is running one of the biggest investments in the country’s training sector, represented in Quodrat Academy. The academy is located in Beheira governorate over 13 feddans, with investments of 120 million Egyptian pounds ($6.8 million).