The United Nations Industrial Development Organization (UNIDO) has signed a five-year €172 million contract with Egypt. The purpose of the contract is to support sustainable industrialization in Egypt, including textiles, chemicals, leather, furniture, and handicrafts.
The program has been named Programme for Country Partnership (PCP). The PCP was signed by UNIDO director-general Li Yong and Egyptian Prime Minister Mostafa Madbouly. Building on UNIDO’s long-standing technical cooperation activities, the PCP will support Egypt’s transformation in line with the country’s national policies and development strategies and the UN Partnership Development Framework for Egypt and the Sustainable Development Goals (SDGs).
Since December 2018, the Government of Egypt and UNIDO have worked closely to design and develop an integrated service package to leverage additional investment in sectors with high growth potential and the capacity to generate quality jobs.
Li Yong, Director General of UNIDO, said, “By combining UNIDO’s advisory and normative services, its technical assistance and its convening function, the PCP will support the efforts of the Government of Egypt in achieving its industrial development goals outlined in the Sustainable Development Strategy: Egypt Vision 2030, the Roadmap for Inclusive and Sustainable Industrial Development 2020-2024, and the MSMEs and Entrepreneurship National Strategy 2020-2025. Strong government leadership and a multi-stakeholder partnership are distinctive PCP features, which will integrate and mainstream development to spur industrial growth”.
