Egypt’s Social Fund for Development (SFD) may coopearte with UAE’s Khalifa Fund for Enterprise Development in arranging an exhibition for the small and medium enterprise (SME) projects in Sharjah.
Speaking to Amwal Al Ghad on Saturday, Soha Soliman – SFD’s Secretary General – stated that the Egyptian fund is negotiating with Khalifa Fund to hold an exhibition in Sharjah dedicated for the SMEs.
In March, a loan agreement worth US$200 million between UAE’s Khalifa Fund for Enterprise and Egyptian government has become operational.
The loan is to be invested in the development of the microfinance sector in the Arab Republic of Egypt, after meeting all requirements pertaining to legal procedures in the two Countries.
The Loan aims at supporting the efforts of the Egyptian Government in combating poverty and unemployment, and promoting the role of women in development and their empowerment through availing opportunities to those having entrepreneurial attributes and skills to realize their ambition and to establish their own business.