Dr. Neveen Abdelkhalek, ECG Deputy Managing Director, and Dr. Pantelis Sklias, President of the University of Neapolis, signed the agreement. Mrs. Aliki Potonou Founder and CEO of GAMMA INVEST, and NUP representative in Egypt, Mr. Nikolaos Sarlis, Special Project Advisor of “Leptos Group”, owner of the University of Neapolis in Cyprus, in addition to Ambassador Reda Bebars, the ministerial advisor for international cooperation affairs, attended the event.

Dr. Neveen Abdelkhaleq pointed out that, since its start-up in 2010 until now, the number of graduates of the initiative has reached about 5500 students; explaining that the memorandum of understanding allows the exchange of training experiences in a world-class market with constantly changing needs. She said that the establishment of a branch of Cyprus’ University of Neapolis in Egypt was discussed this was to benefit from European expertise in all fields, in addition to inaugurating an initiative to train graduates of other faculties, especially the faculties of commerce.

Dr. Pantelis Sklias, President of the University of Neapolis added that the cooperation between the University and Egypt includes the provision of 33 postgraduate scholarships at the University in Cyprus, fully and partially supported, in engineering-related areas, such as business administration and real estate. He welcomed the idea of expanding cooperation to include other areas such as banking and accounting, to achieve Egypt’s benefit from Cyprus and European expertise in these areas as well.

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In her capacity as ECG Vice  President  &  EBA Sustainable Committee Chairperson,  Dr. Nevine Abdelkhalek talked on the panel that had speakers representing the different CSR Stakeholders in Egypt; including Mr. Moataz Yakn Advisor the Minister of Investment and International Cooperation, Eng. Aml Mobadda Resources Development Director at Misr El-Khair, Mr. Mohamed Mostafa the ILO Industrial Relations Program Manager, Mr. Mohamed El-Fouly CEO the UN Global Compact Network /Egypt, Middle East and Eastern Europe.

In her talk, Dr. Nevine Abdelkhalek highlighted the importance of CSR activities for sustainability of the business and how companies should move from doing pure charity activities to sustainable development projects .e.g.  ECG implementing the University to Work (UTW) and School to Work (STW) Projects to qualify Egyptian youth for the engineering labor market. She also highlighted the challenges of CSR in Egypt and the need for awareness raising activities.

During the CSR forum, some companies and banks like El-Sweedy Electric, El-Araby Group, El-Qalaa, Vodafone, Nestle, Juhayna Food Industries, L’Oreal, Unilever, Microsoft and Attijariwafa Bank presented their successful CSR projects

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The purpose of the visit was to discuss the potential of investment in human capital, as well as investment opportunities and threats in Upper Egypt, particularly in Sohag. Discussions covered a range of investment areas: the industrial sector, including the production of silk and tulle; agriculture and the production of medicinal plants; low-income housing; private universities; retail and hospitality industries, including hotels, entertainment & recreation and religious tourism.

After the border demarcation of Egypt’s governorates, Sohag now has access to the Red Sea, which will certainly encourage more investments in resorts, agribusiness and logistic services ports.

During the meeting, Dr. Abdel Monem welcomed the idea of organising an economic/investment conference in Sohag, with the aim of emphasizing the importance of investments in Upper Egypt.

Dr. Abdelkhalek and Mr. Abdel Aal are planning another visit to Assiut to discuss similar investment opportunities in the governorate.

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