Qalaa Holdings subsidiary the Egyptian Refining Company (ERC) reinforces its commitment to education and community development with its fourth annual round of ‘Mostaqbali’ student scholarships. During the ceremony, 27 students from ERC’s local community received scholarships to pursue higher education at some of the country’s most prestigious public and private universities and 26 scholarships to attend the Don Bosco institute were awarded.
The Egyptian Refining Company (ERC), Qalaa Holdings’ c.US$ 4.4 billion greenfield refinery in the Greater Cairo district of Mostorod, announces today the recipients of its fourth annual scholarships for local students, bringing the total number of scholarships awarded thus far to 81. The 2019 scholars were announced at a ceremony held at company headquarters in Mostorod in the presence of HE Minister of Planning, Monitoring and Administrative Reform Dr. Hala El Saeed, Qalyubiya Governor Major General Abdel Hamid Abdel Aziz El-Hagan, ERC and Qalaa executives, local NGOs, business leaders, academic communities, representatives from universities and Ministries of Education, and Petroleum.
Scholarships are awarded annually to students from the local community to pursue undergraduate degrees in a diverse array of majors at well-respected Egyptian universities including the Zewail University of Science and Technology, the Arab Academy for Science, Technology & Maritime Transport, Nile University, Ain Shams University and the American University in Cairo.
In a further expansion of the ‘Mostaqbali’ program, this year an additional 26 students will be awarded scholarships to attend vocational training at the highly regarded Don Bosco Cairo, an Italian secondary school that focuses on much-needed vocational and technical training.
At a speech given during the event, El Saeed noted: “This event is but the culmination of a series of educational development initiatives offered by Qalaa Holdings since the 2007 launch of the Qalaa Holdings Scholarship Foundation, which offers the largest private sector subsidized scholarship program in Egypt. ERC’s ‘Mostaqbali’, launched in 2016, is now just one of Qalaa’s numerous educational support initiatives under its umbrella. These initiatives are a role model for fruitful and effective development partnerships and for the Egyptian private sector’s corporate social responsibility as a whole. ‘Mostaqbali’ is a prime example of what can be achieved when civil society as well as the public and private sector come together to achieve sustainable economic and social development.”
“We believe that we have a fundamental responsibility to improve the educational landscape in Egypt as part of our commitment to leaving the communities in which we operate better than when we entered,” said Qalaa Chairman and Founder Ahmed Heikal. “Since inception, we have funneled significant investments in both traditional and vocational education, in line with our belief that the cornerstone of sustainable development is quality education, which not only directly contributes to the betterment of individual students, but also to the wellbeing of their communities.”
The ‘Mostaqbali’ program, currently in its fourth year, has to date given a total of 81 students the opportunity to pursue undergraduate degrees: 78 of them at local universities and 3 at universities abroad. It has additionally awarded a total of 96 public school teachers since 2017 with scholarships to the American University in Cairo (AUC) to improve their technical skills, particularly in the early education space.
“ERC is a transformative energy project that has economic, social and environmental benefits,” said Dr. Mohammed Saad, ERC’s Managing Director. “Throughout our journey, we have remained committed to bringing positive change to neighboring communities through sustainable, grassroots, programs that provide real solutions to the challenges that our community faces. We are exceptionally proud that educational initiatives like Mostaqbali have brought tangible benefits to hundreds of community members over the years.”
“This year we are also very pleased to be offering 26 scholarships for vocational training component through our partnership with the Don Bosco Cairo. The addition of these vocational training scholarships directly addresses the market need for skilled labor,” added Saad.
In addition to academic scholarships, the ‘Mostaqbali’ program has provided a total of 7,798 students with in-kind aid, 8,173 eyeglasses and 939 teachers with educational training during the past four years.
ERC continues to be active in the field of community development across the board. It seeks to bring about positive change throughout its neighboring communities of Mostorod, El Khesous, Shobra El Kheima and Matarreya and believes in maintaining a dialogue with community leaders on the ground to ensure maximum levels of awareness and to guarantee that resources are being allocated in an efficient and targeted manner for the benefit of all parties concerned. Through the tireless work of a dedicated community development team, it operates four main programs: education support ‘Mostaqbali Scholarship for Students and Teachers’, youth volunteering program ‘Reyada’, women and youth economic empowerment programs ‘Tamkeen’ and ‘Mashrouy’, and the special needs program ‘Takaful.’
“ERC stands as an excellent example of a Qalaa subsidiary that invests responsibly and takes into account environmental, social and governance practices throughout its operations with the goal of making a positive, comprehensive impact in terms of people and the planet, in addition to profit,” said Ghada Hammouda, Qalaa’s Chief Sustainability & Marketing Officer. “ERC is not only a key import-substitute, valuable public-private partnership that will have a positive impact on Egypt’s economy, it will also improve air quality by reducing the release of sulfur dioxide and incite positive change throughout the community by investing heavily in the development of human capital through programs like ‘Mostaqbali’.”
The Egyptian Refining Company delivers on the several of the 17 UN Sustainable Development Goals (SDGs) including SDG #4 Quality Education, SDG #8 Decent Work and Economic Growth, SDG #9 Industry, Innovation, and Infrastructure, SDG #12 Responsible Consumption and Production and SDG #17 Partnership for the Goals. .
The Egyptian Refining Company is a USD 4.4 billion greenfield refinery that will reduce Egypt’s diesel imports by 30%- 40%, prevent the release of 186,000 tons of sulfur dioxide annually, or c.29% of Egypt’s present-day total and improve the quality of the national petrol supply. It is Egypt’s largest private sector led infrastructure mega project and is set to start production full-scale commercial production in 4Q19. Built on 350k sqm in Mostorod, ERC has the capacity to produce 4.7 million tons of refined products/ year including 2.3 million tons of Euro V diesel. An important import substitution project, ERC is vital to Egypt’s energy security.
Qalaa Holdings is an African leader in energy and infrastructure. Formerly known as Citadel Capital, Qalaa Holdings controls subsidiaries in industries including Energy, Cement, Agrifoods, Transportation & Logistics, Mining and Printing & Packaging. To learn more, please visit qalaaholdings.com.
|For more information, please contact:
Ms. Ghada Hammouda
Fax: +20 22 791-4448