A memorandum of understanding between the International Labor Organization and the National Bank of Kuwait 

CAIRO, JUNE11( SEE) Minister of Investment and International Cooperation, Dr. Sahar Nasr witnessed on Monday the signing of a memorandum of understanding (MoU) between Peter Van Guei, Director of the International Labor Organization (ILO) Office in Cairo, and Dr Yasser Ismail Hassan, Managing Director of National Bank of Kuwait (NBK), Egypt , With the technical support of "decent jobs for the youth of Egypt" project funded by the Canadian government in the presence of Major General Essam Al-Badawi, Governor of Minya, Dr. Gamal El-Din El-Magd, President of Minya University; Ambassador Jess Dutton, Ambassador of Canada to Cairo.

Under the MoU, NBK is supporting the sustainable social and economic development of rural communities in Egypt through the financial support of five start-up companies to facilitate the construction and operation of 100 biogas units in Minya.

The initiative aims to support bioenergy technology to help achieve sustainable social and economic development of rural communities by training young engineers to build and maintain biogas production units  to generate bioenergy, Helping reduce poverty, create jobs and improve living conditions in the targeted areas of the governorate.