Minister of International Cooperation Sahar Nasr has signed a memorandum of understanding between her ministry, the Social Fund for Development and the society of Konooz El Bardawil for Overall Development in North Sinai.

The agreement, which was signed at the headquarters of the ministry on Wednesday, came in implementation of President Abdel Fattah El Sisi's initiative to enable youth to carry out small enterprises. 

The minister expressed keenness on carrying out small and medium projects not only in Sinai but also Upper Egypt. 

The Ministry of International Cooperation had allocated EGP 250m for the fund from the Saudi grants to finance the projects.

Source: MENA