Egypt allocates 100M EGP to workers' emergency fund

CAIRO – 30 April 2017: Egypt will allocate 100 million EGP from Tahya Misr (Long Live Egypt) Fund to an emergency fund affiliated with the Ministry of Manpower, President Abdel Fatah al-Sisi announced Sunday, in his speech at the Labor Day celebration.

Stressing that laborers are Egypt’s real fortune, Sisi expressed his gratitude and appreciation to Egyptian workers who carry an essential role in the development of the state.

The Egyptian president also emphasized the critical challenges facing the country, especially the threat of terrorism, emphasizing the urgency to confront and uproot it.

“In parallel to facing terrorism, we are also working on reforming our country,” Sisi said. He referred to “an ambitious plan to support the economy, by encouraging local industries and providing job opportunities for the youth,” until we reach a satisfactory standard of living in Egypt.

Sisi further stated that the country is concerned with the workers facing challenging conditions, and working on providing them with the necessary care that they deserve.

The president concluded his speech by emphasizing his gratitude and appreciation for Egypt’s honest workers and the private sector; and he called for businessmen to contribute in resolving the problems facing their workers, and preserving their rights.

In the framework of the Labor Day celebration, Sisi honored 12 old members of the Egyptian Labor Syndicate, who have highly impacted the trade union activism.

The president had previously allocated 100 million EGP to the same emergency fund in April 2016, on the occasion of Labor Day celebration.