Business Solutions for Human Development Egypt07 Nov 2013
Egypt has been endowed with a human resource base, which remains to be one of the most important assets this country possesses. However, human resource development has traditionally remained a government concern. Today, in the midst of the superlative growth performance of the Egyptian economy and the associated high levels of investments undertaken by the private sector, we are witnessing an increasingly strong sense of ownership by the business community of the goal of human resource development.
This report presents excellent documentation of the valuable contribution of large corporations operating in Egypt -both national and foreign- to this goal. Achieving the Millennium Development Goals (MDGs) is a top priority on the agenda of policy makers in Egypt. This report is a step in the right direction. By sharing the findings of how business corporations are supporting the MDGs, we are hoping that a 'demonstration effect' will follow, whereby every responsible business endeavor regardless of its size should be able to contribute its due share to achieve the MDGs.
- This study assesses the current and potential scope of business engagement towards the attainment of the Millennium Development Goals (MDGs) in Egypt. Its findings and recommendations have been drawn up using a participatory and consultative approach. They are based on an extensive review of literature and quantitative and qualitative studies of a representative sample of multinational, large national, small and medium-sized companies operating in Egypt.
- The main premise of the report is that the development context of Egypt requires the private sector to play a greater role in facing mounting population and development pressures and in supplementing inadequate public sector budgets. We believe it must become a more responsible corporate partner in the development of people and communities.