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Banque Misr Continues Signs development Protocol with Misr El Mahrousa Balady to Develop El Adwa Village in Aswan

Mr. Mohamed El Atriby, Chairman of the Board of Trustees, Banque Misr Foundation for Community Development and Welfare, and Chairman of the Board of Banque Misr recently signed a development protocol with Misr El Mahrousa Balady Association to support the development of El Adwa village in Aswan. The signing ceremony was attended by Mr. Ali El Saedi, the Deputy Chairman of the Board of Trustees, Banque Misr Foundation for Community Development and Welfare. The development protocol aims to increase the standard of living, alleviate burdens from villagers, and enhance their daily life by focusing on the improvement of education, health, environment, economy, and culture.

The project is expected to renovate Mahmoud Soliman Elementary school, create new kindergarten classes at participating associations and/or other schools in El Adwa, support students to keep them from dropping out, by providing them with tuition fees and school uniforms. Regarding environmental issues, the agreement includes launching awareness campaign to educate villagers on the risk of fires. The protocol will also provide medical care services, raise awareness of the importance of hygiene ad health practices, provide medical tests, and support health centers and medical labs with advanced equipment.  

Additionally, the initiative will develop El Adwa Youth Center and establish a new children's garden and a creativity center, while renovating 52 homes and extending potable water to underprivileged areas. The initiative will provide financial and technical assistance to 200 villagers to achieve financial independence and earn a living.   

The development protocol comes within the framework of "the Comprehensive Development Project of Egyptian Villages", an initiative which demonstrates Banque Misr's commitment to develop the Egyptian villages through the Banque Misr Foundation for Community Development and Welfare. The bank has already supported the development of Tanfees and Asfoun villages in Luxor, Al Hammas and Al Horayzat Al Gharbia in Sohag, in addition to four villages in Menoufia.