GACICGulf Advanced Chemical Industries Company (Saudi Arabia)
GACICGerman Arab Chamber of Industry & Commerce (Cairo, Egypt)
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The Daily News Egypt sat down with GACIC CEO Rainer Herret to discuss how he sees the German-Egyptian relationship unfolding in the coming years and how the chamber was able to cope with the political turmoil and economic struggles that Egypt faced in the past three years.
The agreement, which comes as part of the initiative for providing a suitable environment to activate the "Fundamental Principles and Work Rights for Women in Egypt", was signed by Youssef Qaryouti, the head and representative of the ILO in Egypt, and the Forum of Training and Technical Education FORTE, represented by the CEO OF GACIC Rainer Herret.
The agreement will be effective over the period of a year where 1,000 low-income women will be trained in the textile and garments production sector under the supervision of GACIC.
Earlier in September, GACIC announced that it will help 150 workers in Luxor gain new skills in the field of construction aiming to provide alternative job opportunities to Luxor's labourers.
A meeting Wednesday hosted by the German-Arab Chamber of Industry and Commerce (GACIC) was also attended by Michael Bock, Germany's ambassador to Egypt; Werner Schnappauf, CEO of the Federation of German Industries; and Naguib Sawiris, CEO of Orascom Telecom and president of GACIC, as well as members of the German parliament.
The focus of German assistance to Egypt has shifted over the past several decades, the GACIC highlighted in a statement.
Egypt has set a target of producing 20 percent of its energy from renewable sources by 2020 and has undertaken projects, with the participation of the private sector and its German partners, to decentralize the water sector and rehabilitate as well as modernize irrigation and drainage infrastructure, GACIC explained.