16 February 2019 09:48 AM

Sisi: State encourages innovation, CBE allocates EGP 1 bn to offer interest-free loans to youths

Thursday، 08 February 2018 - 02:47 PM

President Abdel Fattah El Sisi stressed his keenness on encouraging the Egyptian youths to establish their own businesses.

The State supports the youths and urges them to be innovative in their work in all kinds of crafts and professions, he noted.

During his speech at the inauguration of the 100,000-feddan-greenhouses project in Marsa Matrouh on Thursday 8/2/2018, Sisi said that the Central Bank of Egypt (CBE) has allocated EGP 1 billion to finance the projects of the youths with interest-free loans.

The President called for providing insurance coverage for millions of day laborers working in development projects nation-wide.

He further asserted that the State is ready to establish an insurance fund for these day laborers in coordination with banks, private sector firms, contractors and the Social Solidarity Ministry. 

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