Google to provide Mideast grants, loans to train digital skills
Written by Luck on October 14, 2020
U.S. tech firm Google, a unit of Alphabet Inc, plans to supply grants value $1.1 million to assist companies within the Center East and North Africa enhance their digital expertise and get them on-line, the corporate mentioned on Tuesday.
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Google can even present $three million in loans to 1000’s of companies within the area, $2 million of which is able to go to Egypt, to assist them with a digital transformation, the agency mentioned in a presentation to Reuters.
On-line consumption within the area is on the rise this yr as individuals keep dwelling because of the novel coronavirus, Google mentioned, including that in accordance with the Arab Financial Fund, 6 million jobs are in danger.
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A complete of 1 million corporations or people within the area would get assist to enhance their digital expertise to search out jobs and get companies on-line by the tip of 2021, it added. The agency can even present $9 million in promoting credit and grants to help companies and governments within the area.
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(Reporting by Ahmed Elhamy in Cairo; Writing by Ulf Laessing; Enhancing by Matthew Lewis)
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