‘Rowad 2030’ entrepreneurship project launched

CAIRO – 27 December 2017: The Ministry of Planning has launched the “Rowad 2030” (entrepreneurs 2030) project, which provides young calibers with a master’s degree in entrepreneurship, Planning Minister Hala el-Saeed said Wednesday.

She signed a cooperation protocol with UK’s University of Cambridge on the project, adding that more entrepreneurship programs were launched across the country.

Saeed said that the project targets enhancing the capabilities of young calibers to achieve comprehensive economic and social development, which will help in realizing the main goals of the country’s sustainable development strategy “Egypt 2030”.

She added that one of the main aims of the project is to encourage youth to create jobs for themselves, saying that there would be no appointments in the government soon.

“That’s why we should help the youth to create jobs for themselves instead of searching for them, and that’s the aim of Rowad 2030,” Saeed said.

The minister added that a curriculum on entrepreneurship will be taught by experts in the field to generate a new generation of entrepreneurs.

Saeed said last week that the project is the result of the joint efforts of the ministries of planning, education and trade.

It is also the result of a successful partnership between the public and private sectors, as it involves the participation of Bank Misr, National Bank of Egypt, British Council, Cairo University’s Faculty of Economics and Political Science and University of Cambridge, she added.

Egypt’s sustainable development strategy Egypt 2030 was announced by the government in 2015, targeting three main goals: economic development, competitiveness of markets and human capital.

The final draft of the strategy was launched in February 2016, aiming to raise the Gross Domestic Product (GDP) growth to 12 percent in 2030, up from the current 4 percent, while reducing the budget deficit to 2.28 percent from 11.5 percent.

Under the strategy, the government will be committed to increasing investment rates, raising the contribution of services to GDP to about 7 percent, increasing exports and reducing unemployment rates to about 5 percent.