El Mostakbal for Urban Development has donated EGP 5 mn to Tahya Misr Fund, in an attempt to support the Egyptian government’s efforts in mitigating the impact of COVID-19 headwinds, Invest-Gate reports.
The EGP 5 mn pledge is aimed at supporting the relief and prevention measures of the North African country, while safeguarding the health and safety of its community, particularly indigent families, El Mostakbal CEO and Managing Director Essam Nassef noted in a press release on July 14.
On his part, Executive Director of Tahya Misr Fund Tamer Abdel Fattah hailed El Mostakbal’s contribution for reinforcing the Egypt-based developer’s Corporate Social Responsibility (CSR) commitment, alongside the fund’s role in confronting the current outbreak.
Earlier, Tahya Misr Fund has launched its “Together, We Will Pass the Crisis” initiative to alleviate the ramifications of Coronavirus pandemic by helping the needy people across 19 provinces, according to the statement.
Numerous quantities of poultry are being distributed to the elderly, widows, and handicapped people in Cairo, Alexandria, Qena, Sohag, Damietta, amongst others, while also equipping isolation and fever hospitals in eight governorates with the required medical supplies and ventilators.