The General Authority for Investment and Free Zones, in cooperation with the United Nations Office in Cairo, organized a symposium titled, “Investment and the Principles of Women’s Empowerment for a More Competitive Private Economy”.
The symposium came as part of the extended partnership between the two parties to promote women’s empowerment and advance mechanisms to encourage companies to achieve gender equality.
Amr Nour El-Din, Advisor to the CEO of the General Authority for Investment and Free Zones, delivered a speech on behalf of Hossam Haiba, the CEO of the Authority, and emphasized the authority’s commitment to spreading awareness in the areas of social responsibility and equal opportunities between the two sexes.
In addition, they aim to boost the mechanisms of positive discrimination for women in the private sector, which ultimately enhances corporate profitability and productivity.
In turn, Christine Arab, Country Director of the UN Women’s Office in Cairo, said that cooperation between the UN and the General Authority for Investment contributed to increasing the representation of women in the private sector and in senior management positions, which is the best way to empower women economically.
She added that 78 Egyptian companies have already joined the declaration of “Women’s Empowerment Principles (WEPs)”, launched by the UN Women in cooperation with the UN Global Compact to achieve gender equality and women’s empowerment in the workplace.
Arab further stressed that the International Finance Corporation’s report on companies during the past decade showed a positive relationship between the number of women on boards of directors and the increase in profitability and sales of companies.
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