SME Development Authority to sign EUR 26 mn EU grant next month

The SME Development Authority will sign next month a EUR 27 mn grant agreement with the European Union to promote employment in 11 governorates susceptible to illegal immigration, said the authority’s head of human and social development sector Medhat Massoud, according to Masrawy. Separately, the authority will receive within days the first EUR 15 mn tranche of another grant to support cultural development in six governorates, Massoud said.