The Secretary General of Egypt’s Social Fund for Development (SFD) and the governor of South Sinai signed an agreement on Saturday aimed at improving the quality of drinking water in the Sinai Peninsula, the Ministry of International Cooperation announced in a statement. The agreement is worth EGP 350.000, including EGP 300,000 provided by the SFD through a German debt swap agreement, with the remaining EGP 50,000 funded by the local governorate. The project aims to extend drinking water networks in the disadvantaged areas of El-Mallil and El-Fanar in South Sinai’s Dahab City and is expected to create 700 jobs during its implementation. A second agreement was signed by the SFD and the Local Community Development Society Abu Zanima to finance micro enterprises in the peninsula. The deal will see the establishment of a number of new projects, as well as the development of existing ones through the allocation of additional funds. The deal will see a greater focus on empowering women and youth in disadvantaged areas of the Sinai, which, according to the Ministry of International Cooperation’s statement, will “provide permanent job opportunities, increase production, and improve standards of living.”…
Egypt Signs Agreements to Develop Drinking Water Networks, Establish Local Companies in Sinai
May 30, 2016
