Egyptian Steel Group decided to increase the capital of “A New Generation’s Dream” initiative to 1 million EGP instead of half a million. This decision came after Egyptian Steel’s board of directors noticed the innovation in the submitted projects sent by the Egyptian youth in the first week of the initiative’s launching. Nora Helmy, Investors Affairs Group Director, mentioned that Egyptian Steel is trying to support the youth to enable them to innovate, invent, and showcase their talents in the industrial and technological fields and to emphasize the principal of “Made in Egypt”. Helmy added that all new innovations usually lack logistics support which was the main motive behind coming up with this initiative. Through this competition every young Egyptian who has an industrial project can present it as long as it’s beneficial for the industry, technological, or IT sectors, and will be beneficial for the Egyptian economy on both the long and short terms. Wael Farouk, Group Treasurer, said that this initiative was launched in the framework of a competition to create a competitive spirit among the participants, the final result of this competition will not be only granting money to the winner but implementing his project with the partnership of Egyptian Steel Group,”.