KHALEEJ TIMES, Thursday, Sep 24, 2020 | Safar 07, 1442
Emaar Misr, Tahya Misr Fund sign protocol to develop Sidi Abdel Rahman village
Emirates:
Emaar Misr and the Tahya Misr Fund have signed a cooperation protocol to
implement a sustainable development scheme for Sidi Abdul Rahman village in
Matrouh Governorate, and introduce facilities that will help raise the
quality of life for the village's residents.
The cooperation protocol was signed by Major General Mohamed Amin Nasr, adviser
to the President of Egypt and secretary of the Tahya Misr Fund, and Mohamed
Alabbar, founder of Emaar, in the presence of Dr. Nevin Al-Qabaj, Minister of
Social Solidarity, and Dr. Tariq Shawky, Minister of Education and Technical
Education.
The protocol to cooperate between the Emaar Misr and the Tahya Misr Fund comes
as part of Emaar Misr's corporate social responsibility (CSR) provisions and its
interest in improving the lives of communities where it operates, and ensuring
the facilities and services that provide a better life for the residents of the
region. Emaar Misr has committed to contribute EGP 20m to support the first
phase of infrastructure and service improvements in Sidi Abdul Rahman village,
which has a population of 4,479 people.
Mohamed Alabbar said that real estate projects are only of value when they help
improve the community and raise the standard of living, as well as the
facilities and services for residents, especially with regard to health and
education.
"The Covid-19 crisis that the world is going through right now has shown that
health and education are among the most important areas that must be invested in
because it is the future and what guarantees people's lives and security, and
thus the continuation of other economic projects," he said.
Alabbar emphasised that Emaar Misr is particularly concerned with developing the
communities in which it operates through a permanent partnership with the
Egyptian government, and after the signing of this protocol, the partnership
between Emaar Egypt and the Tahya Misr Fund will implement a number of
development projects, in cooperation with different levels of Egyptian
Government.
Tamer Abdel Fattah, executive director of the Tahya Misr Fund, said that the
fund has come a long way in helping the country to provide a better life for the
most vulnerable families, which is part of the framework of the presidential
initiative to develop and improve the villages most in need. Mr. Fattah affirmed
that strengthening the partnership with the private sector was important in
terms of implementing the Fund's projects in various fields.
"The cooperation protocol with Emaar Misr is a model for this partnership,
especially as it paves the way for expanding the base of beneficiaries of the
capabilities available to the Fund and Emaar Misr, whether in the field of urban
development, healthcare, social support, economic empowerment, or education and
training support," he added.
Emaar Misr had contributed 878 million pounds for the national projects that the
Egyptian government undertakes, and in April, Emaar Misr donated 10 million
pounds to Tahya Misr Fund and the medical sector to support the efforts made by
the Egyptian state to confront the repercussions of the Covid-19 crisis.
Since 2018, Emaar Misr launched Beyout Al Kheir project, whose first phase of
restoration and rehabilitation of 1,000 housing units has ended, and its second
phase has started to restore and rehabilitate more units and help in
income-generating projects in a new number of governorates. Beyout Al Kheir
project is among the largest development projects funded by the private sector
within Egypt, through which Emaar Egypt is building a housing unit for each
eligible family in exchange for every unit that Emaar adopts in its projects in
Egypt.
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