Reinforcing Egypt’s technical education ecosystem and nurturing a future-ready workforce, Housing and Development Bank (HDB) has entered into a strategic partnership agreement with Elsewedy Electric Foundation. The collaboration is set to provide comprehensive academic and vocational support to 96 students at the Elsewedy and HDB Technical Academy in Sadat City, underscoring both institutions’ commitment to educational equity, economic empowerment, and sustainable national development.
The agreement, signed on Sunday, June 1st, reflects both institutions’ commitment to promoting inclusive education and sustainable development. The initiative, valued at EGP 7 million, will fund the education of students across four technical classrooms, helping ensure their continued academic success and employability in a competitive labor market.
Visionary Model for Educational Investment
The partnership reflects HDB’s ongoing commitment to its Corporate Social Responsibility (CSR) strategy, which identifies education—particularly technical and vocational training—as a national priority.
The signing ceremony witnessed the esteemed presence of Hassan Ghanem, Chairman & CEO of Housing and Development Bank, and Eng. Ahmed El Sewedy, Chairman of the Board of Trustees of the El Sewedy Electric Foundation. Also present were Gehan El Goly, Head of Corporate Communications & Sustainable Development Sector at HDB, and Hanan El Rihany, CEO of Elsewedy Technical Academy, along with senior representatives from both organizations.
“I take immense pride in the strategic alliance and the enduring, results-driven partnership between the Housing and Development Bank and the El Sewedy Electric Foundation,” said Hassan Ghanem, adding that ” our unwavering commitment to excellence is helping shape a generation of highly skilled, job-ready professionals capable of competing in an increasingly dynamic labor market.”
“Directing targeted support to students at the El Sewedy and Housing and Development Bank Technical Academy is not just an act of social responsibility—it is a deliberate step toward achieving educational equity and social justice,” Ghanem stated.
“It is essential that educational institutions, the private sector, and civil society work in unison to establish long-term, sustainable support frameworks,” he continued.
Ghanem further emphasized that economic challenges should never hinder access to quality education. Through this partnership, HDB aims to create equal learning opportunities and help build a skilled labor force aligned with Egypt’s Vision 2030.
Vocational Education… Catalyzing Economic Resilience
This agreement represents a model example of public-private collaboration. It demonstrates how financial institutions and non-profit organizations (NGOs) can jointly support national goals by investing in human capital and strengthening vocational training frameworks.
“We are proud of our longstanding relationship with the Housing and Development Bank,” said Eng. Ahmed El Sewedy. “Together, we are building a system of high-quality, industry-relevant technical education that will prepare our youth for success in both local and global markets.”
He also underscored the importance of sustainable mechanisms for student support. “ This is how we drive inclusive growth by setting forth international education standards.”
El Sewedy reaffirmed the Foundation’s commitment to working closely with Egypt’s Ministry of Education to upgrade curricula, training, and certification standards to meet international benchmarks.
HDB’s 2025–2030 CSR Strategy… Pathway for Talented Youth
This strategic partnership places emphasis on education as a driver of long-term socio-economic impact. By supporting technical education, the bank is directly contributing to Egypt’s long-term economic resilience.
