Sisi launches “Egyptian Knowledge Bank” project
President Abdel Fatah al-Sisi - YOUM7

CAIRO: President Abdel Fatah al-Sisi launched Saturday “The Egyptian Knowledge Bank;” a national project aims at providing citizens with a free scientific knowledge contents.

“We have launched the Bank of Knowledge project for all Egyptians and youth in particular to enhance education and innovation abilities … 2016 is the year of the Egyptian youth,” said Sisi during the new project launch ceremony held at Cairo Opera House Saturday.

The Egyptian Knowledge Bank aims to ease expenses burdens on students via providing the scientific contents online. The project includes creating a large digital library of thousands of scientific journals, e-books, documentaries, and educational curricula.

Sisi has also launched the courses of Presidential Leadership Program (PLP) for the youth, which was announced first in September 2015. Youm7 reported that the presidential office has chosen 500 eligible youth out of 60,000 applicants for the courses.

President Sisi added that he has directed the Central Bank of Egypt (CBE) to carry out a project of enhancing small and medium-sized enterprises (SMEs) for the youth, noting that the project will represent 20 percent of the bank’s borrowed money over the coming four years with an interest rate of 5 percent.

Sisi stated that CBE will allocate 200 million EGP ($25m) for 320,000 companies and firms to provide job opportunities to around 4,000 people. He also noted that he directed the government to build 145,000 housing units in 2016 and to allocate pieces of lands for the youth in the 1.5 million feddan reclaiming project.

In mid-October, a Presidential delegation held a series of meetings with German experts and 26 representatives from world greatest publishing houses to launch the project, according to the source. In October, Sisi has announced the government has almost completed the preparations of the project.

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