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Investment min. attends signing of MoU between ILO, NBK-Egypt
The Egyptian Gazette Published in The Egyptian Gazette on 11 - 06 - 2018

CAIRO, June 11, 2018 (MENA) - Director-General of the International Labour Organisation (ILO)'s Office in Cairo Peter Van Rooij and Managing Director of the National Bank of Kuwait - Egypt (NBK-Egypt) Yasser Ismail Hassan signed a memorandum of understanding to establish 100 home biogas units in Minya governorate.
Under the agreement, the National Bank of Kuwait will support sustainable social and economic development of rural communities in Egypt via offering financial support for five startups to facilitate the construction and operation of 100 home-sized biogas units in some villages of Minya.
The startup companies will receive technical support from the ILO's Decent Jobs for Egypt's Young People (DJEP) project, financed by the Canadian government.
The initiative aims to support the technology of bioenergy that serves sustainable social and economic development.
A renewable source of energy, biogas can be produced from raw materials such as agricultural waste, manure, municipal waste, plant material, sewage, green waste or food waste.
The signing ceremony was attended by Investment and International Cooperation Minister Sahar Nasr, Minya Governor Essam Badawi and Canadian Ambassador Jess Dutton .
Speaking on the occasion, the investment minister said that an Investment Services Centre will be opened in Minya to improve the services offered to junior investors.
She further expressed the Investment Ministry's keenness on backing youth.

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