President Abdel -Fattah El -Sisi, President of the Republic, issued a resolution No. 7 of 2025, regarding approval of mutual speeches for the grant submitted by the Spanish Agency for International Cooperation for Development, with a value of up to 300 thousand euros, and aims to finance the project “Creating Job Opportunities for Youth for Employment and Construction of Companies”.
Approval of a Spanish grant worth 300 thousand euros
The Egyptian House of Representatives, in its session held on the 25th of last March, agreed to the decision issued by President Sisi No. 7 of 2025, regarding the approval of mutual speeches for the grant from the Spanish Agency for International Cooperation for Development, to finance the project “creating job opportunities for youth for employment and establishing companies”.
The House of Representatives at the March session reviewed the report of the Joint Committee from the Youth and Sports Committee, and the office of the Economic Affairs and Foreign Relations Committee, regarding the decision of the President of the Arab Republic of Egypt No. 7 of 2025, regarding the approval of the mutual speeches of the grant submitted by the Spanish Agency for International Cooperation for Development, to finance the project “creating job opportunities for youth for employment and establishing companies”.
According to the government, the loan provided to provide support for the capabilities of the Ministry of Youth and Sports aims to provide services to young businessmen, and to contribute to achieving comprehensive and sustainable economic growth through increasing job opportunities and self -employment for Egyptian youth, in addition to enhancing the spirit of initiative among young people, providing them with the skills and resources necessary to establish their own companies, and creating appropriate job opportunities for them.
The committee said in a statement, “The agreement includes a grant of 300 thousand euros from the Spanish Agency for International Cooperation for Development, in the framework of strengthening the distinguished bilateral relations between Egypt and Spain in many fields, which has been widely strengthened since President Abdel Fattah El -Sisi took over the country’s responsibility, and among these areas is entrepreneurship and employment, which is the field for which the grant is dedicated to the issue of the agreement, which is presented by the Spanish Agency For international cooperation for development. ”
The Spanish grant comes as a second stage, as a continuation of the first stage of the “Creating Job Opportunities for Youth for Employment and Construction of Companies”, which helped enable Egyptian youth to enter the labor market effectively and enhance their capabilities to create and manage their own projects.
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