The Bank's participation in the protocol aims to develop the skills of young professionals in line with labor market needs," said Mr. Mohamed Al-Etrebi.

Applied Technology Schools Play a Crucial Role in Preparing Qualified Technical Cadres to International Standards,” said Eng. Mohamed Zaki Al-Suwaidi.

On Wednesday, August 30, 2023, Banque Misr signed a cooperation protocol with the Federation of Egyptian Industries. The protocol was signed by Mr. Mohamed El-Etreby, Chairman of Banque Misr, and Mr. Mohamed Zaki El Sewedy, President of the Federation of Egyptian Industries. The signing ceremony was attended by Mr. Akef El-Maghraby, Vice Chairman of Banque Misr, Mr. Hossam El-Din Abdel Wahab, Vice Chairman of Banque Misr, and a distinguished group of leaders from the bank and the Federation of Egyptian Industries.

The primary objective of the protocol is to develop three technical education schools following the model of applied technology schools approved by the Ministry of Education and Technical Education. These schools aim to attract young individuals to pursue studies in modern technological disciplines. This initiative represents a new approach to modern technical education, which is expected to have a positive impact on the Egyptian industrial sector, a significant contributor to the national economy.

Banque Misr's involvement in this protocol aligns with the bank's commitment to support the Egyptian government's efforts in enhancing the technical education and vocational training system. The goal is to enhance the quality of vocational skills output to meet international standards, address the labor market's demands for new professions and specializations, and increase the employment rate among technical school graduates. These efforts are aimed at reducing unemployment among this segment, enabling them to better fulfill the needs of the local labor market, and producing qualified technical professionals in line with international standards.

The Federation of Egyptian Industries' signing of the protocol is part of its initiative to expand the experience of applied technology schools under the Ministry of Education and Technical Education. The initiative seeks to foster partnerships with various stakeholders, with a prominent role reserved for the banking sector in advancing sustainable development objectives through social responsibility programs.

Mr. Mohamed El-Etreby, Chairman of Banque Misr, emphasized the bank's eagerness to collaborate in supporting the nation's economic plans. Banque Misr is dedicated to playing a vital role in activities that enhance the lives of Egyptian citizens, with education being a top priority. In this context, Banque Misr is committed to supporting the development of applied technology schools through the Ministry of Education and Technical Education. These schools represent a novel model for modern technical education, and Banque Misr's involvement aligns with its social responsibility toward the nation and its citizens.

Mr. Mohamed El-Etreby highlighted that Banque Misr has signed multiple initiatives and protocols to support education, acknowledging that education and youth are the engines of growth in Egypt, especially considering the rapidly changing labor market conditions.

Eng. Mohamed Zaki Al-Suwaidi, President of the Federation of Egyptian Industries, underlined the significant role played by applied technology schools in society. These schools produce qualified technical professionals in accordance with international standards and labor market requirements. Their development is a part of the efforts to enhance technical education, as per the directives of the political leadership. Eng. Mohamed Zaki Al-Suwaidi further mentioned the collaboration of the Federation of Industries with the Ministry of Education and Technical Education and various major economic entities, including Banque Misr, in providing support and financing for the development of several of these schools.

The President of the Federation expressed his gratitude and appreciation to Banque Misr and its leadership for their commitment to fruitful cooperation with the Federation in developing three applied technology schools in coordination with the Ministry of Education and Technical Education. These schools will focus on pharmaceutical industries, wood, furniture, and building materials.

Banque Misr consistently strives to encourage partnerships among various sectors of Egyptian society, including governmental, civil, and private. These partnerships are aimed at creating successful models that can be replicated across all levels and sectors. The ultimate goal is to make a meaningful contribution to societal development and renaissance.