ANSA
ANSA

Syrian refugees residing in Egypt have added nearly $800 to the country's economy since the beginning of the Syrian crisis. This contribution of these refugees to Egypt's economic growth was highlighted in a report recently published by the United Nations Development Program, titled "Jobs make the difference."

More than five million refugees have fled Syria and settled in Egypt, Iraq, Jordan, Lebanon and Turkey. In Egypt, figures suggest that 120,000 Syrians are officially registered, even though governmental sources estimate the actual number to be closer to half a million, the Egypt Independent newspaper said in a summary of the report. The influx of people, in addition to the private capital and expertise, has fueled the growth of businesses in the country, with over $800 million injected into the economy through investment, technical skills and business enterprises. 


The majority of Syrians residing in Egypt are integrated into urban areas, where they are employed in the informal economy. "The research explores the challenges faced in accessing and creating economic opportunities, and identifies approaches likely to expand economic opportunities for Syrian refugees, the internally displaced and their host communities by drawing on recent successes and ongoing efforts across these countries", the newspapers says, adding that "the report further provides a set of recommendations on what can be done at the regional level, as well as separate recommendations for each country".
 

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