EBRD, EU Launch 500 SMEs in Egypt

Monday, 13th March 2017

The European Union (EU) and the European Bank for Reconstruction and Development (EBRD) announce the  completion of the establishment of 500 small- and medium-sized enterprises (SMEs) in Egypt, Invest-Gate reports.

The move comes as part of the EBRD’s strategy to boost SMEs in Egypt with a view to boosting the national economy, creating more job opportunities and realizing sustainability, according to MENA.

“Supporting small- and medium-sized enterprises has always been EU’s priority to boost economic development in Egypt,” says Chargé d’Affaires of the EU Delegation to Egypt Reinhold Brender.

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