CHANTILLY, Va., /PRNewswire/ — Engility Holdings, Inc. (NYSE: EGL), today announced it has been awarded a $74 million contract by the U.S. Agency for International Development (USAID) to implement the Growth, Enterprise, Employment and Livelihood (GEEL) project in Somalia.
GEEL will expand small-and-medium-sized enterprise access to investment opportunities, increase the availability of key business services, and support improved business policy and regulation. The project also will stimulate private investment in high growth industries such as agriculture, fisheries and renewable energy, and will boost employment potential for youth and women in regions previously inaccessible due to security concerns.
“This award expands Engility’s private sector engagement and investment promotion work in Africa, where we are supporting multiple USAID programs in several countries,” said Tony Smeraglinolo, President and CEO of Engility. “We are proud to offer USAID the highest quality program, at a competitive price, for this important work in Somalia.”
The contract represents new work and is a single award, five-year Indefinite Delivery, Indefinite Quantity (IDIQ) contract.
Source: PR NewsWire
