Prime Minister Mostafa Madbouly has said that the Egyptian state is keen on supporting small, medium, and micro enterprises (SMEs), encouraging entrepreneurship, and providing all the necessary services for their development. He said that the state gives priority to productive, industrial, innovative, and technological projects, as they contribute to achieving national goals, strengthening the national economy, and reducing imports. He also highlighted the agency’s role in implementing labor-intensive infrastructure projects and community and human development projects. Madbouly pointed out that the state has issued new laws and executive regulations to create a supportive environment for SMEs and to facilitate their transition from the informal to the formal sector. He stressed that the agency is a key tool for the state’s movement towards sustainable development.

Source: Daily News Egypt December 05, 2023 20:20 UTC