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Latest News / Shell Egypt signs MoU to create 300 service stations nationwide

 

Shell Lubricants Egypt has signed a groundbreaking MoU with the Social Fund for Development to create opportunities for young Shell Intilaaqah entrepreneurs to develop 300 service stations nationwide over the next three years.

Integrating the efforts of Shell Lubricants Egypt (SLE), the Social Fund for Development (SFD) and Shell Intilaaqah, this is the first initiative of its kind to enable young Egyptian entrepreneurs to become Shell authorised retailers.

Eligible young entrepreneurs will receive high quality enterprise training, advice and business support from Shell Intilaaqah Egypt to establish Shell branded car service shops.

Shell Lubricants Egypt will provide entrepreneurs with the technical support and training they need to provide a world class oil change service. Shell will also back successful entrepreneurs with marketing support, funding, and access to the distributor network.The Social Fund for Development will offer both financial and non-financial services to support the young entrepreneurs, ranging from providing the funding required to purchase tools, equipment and working capital, to the acquisition of official licenses, approvals and documents through its one-stop-shop service centres.

Photograph Caption (left-right): Lamiaa Ashour, Social Investment Manager, Shell Egypt; Nevine Gamea, Head of Small Enterprises Financial Services Central Sector, Social Fund for Development; Saher Hashem, Managing Director, Shell Lubricants Egypt; and, Raafat Abbas, Head of Non-Financial Services Central Sector, Social Fund for Development.Businesses started through the programme will also be eligible for access to Nomou (co-founded by the Shell Foundation and GroFin) funding of $100k and over. Those attending the signing of the MoU included: Saher Hashem, Managing Director, Shell Lubricants Egypt; Raafat Abbas, Head of Non-Financial Services Central Sector, Social Fund for Development; Nevine Gamea, Head of Small Enterprises Financial Services Central Sector, Social Fund for Development; and, Lamiaa Ashour, Social Investment Manager, Shell Egypt.
Speaking at the MoU signing, Shell Lubricants Managing Director, Saher Hashim said, "The idea of establishing Shell authorised retail shops is an initiative aimed at providing opportunities that empower young Egyptians by assisting them to acquire the skills necessary to start their businesses, and in that way enriching the Egyptian economy.

"The Shell branded shops will also allow the end user to get original Shell products and premium oil change services across the country.”

Welcoming the initiative, Lamiaa Ashour, Social Investment Manager for Shell Egypt said, "This is a milestone for Shell Intilaaqah Egypt as it strategically links the programme to the Shell business and supports our transition to LiveWIRE v2.0.

"The partnership ensures young entrepreneurs can become part of Shell's value chain, are well supported, and that the public and private sectors are working together to create a healthy entrepreneurial ecosystem that benefits the Egyptian economy.”

Shell Intilaaqah offers a unique approach in the support of young entrepreneurs in Egypt. In addition to supporting the development of young Egyptian entrepreneurs through enterprise training and technical assistance, Shell Intilaaqah also encourages the integration of local content into the supply chain of large corporations, leading to business growth and the creation of new job opportunities.

Highlighting the impact that Shell Intilaaqah is having on youth entrepreneurship in Egypt, Lamiaa Ashour, said, "To date, the programme has successfully trained around 7,700 young entrepreneurs, including 280 with special needs since the programme's inception in 2004.

I am proud to say that the programme has contributed to the development and creation of 750 small businesses, across 15 Egyptian governorates and cities, with Luxor being the latest addition to our geographic reach.”
 


 

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