Egyptian youth employment complex established
In an attempt to alleviate Egyptian unemployment, the Youth Employment Department in the district of Giza recently established a small manufacturing industry complex, costing three million Egyptian pounds ($772,000).
The new project consists of 400 small-sized manufacturing facilities, employing 4,000 local youths, reported Al-Sharq Al-Awsat daily. A number of shops are also located at the complex, providing further employment opportunities. The government, the Social Development Fund and the Giza Businessmen Association, are responsible for launching the project.
Prime Minister Atef Ebeid recently reaffirmed his intentions of providing job opportunities for the country’s unemployed. Ebeid stated that new employment programs, implemented by the government would gradually solve the ever-worsening problem of unemployment due to the rapid population growth of 2.1 percent annually.
He added that loans to launch new projects for youths, such as the one at Giza, are expected to create about 100,000 new job opportunities each year.
Ebeid dismissed claims that Egypt's privatization program was the reason for the high levels of unemployment. According to Ebeid, there are currently three million jobless people in Egypt and not 12 million, as some sources have maintained.
Egypt’s new 2001/2002-budget draft aims to ensure 700,000 job opportunities. ― (MENA Report)
© 2001 Mena Report (www.menareport.com)