The government is to inject more investments in startup incubators and risk management funds in order to lend more support to small- and medium-sized enterprises, Invest-Gate reports.
Minister of Investment and International Cooperation Sahar Nasr makes the statement during the World Economic Forum on the Middle East and North Africa (WEF-MENA) conference that kicks off today in the Dead Sea, Jordan.
Nasr adds that the government is also establishing a EGP 451-mn company to boost entrepreneurial projects in Egypt.
Egypt has passed the long-anticipated Investment Law No. 8 last month, a positive step that would have a clear impact on all business sectors, especially small- and medium-sized enterprises.
Convening under the theme of “Shaping a New Strategic Context”, over 800 government, business and civil society leaders from more than 50 countries are expected to attend, according to WEF.