Egypt Takes New Measures to Support SMEs – Sisi

Egypt Takes New Measures to Support SMEs – Sisi
Egyptian President Abdel Fattah al-Sisi gives an address after the gunmen attack in Minya, accompanied by leaders of the Supreme Council of the Armed Forces and the Supreme Council for Police (unseen), at the Ittihadiya presidential palace in Cairo, Egypt, May 26, 2017 in this handout picture courtesy of the Egyptian Presidency. The Egyptian Presidency/Handout via REUTERS ATTENTION EDITORS – THIS IMAGE WAS PROVIDED BY A THIRD PARTY. EDITORIAL USE ONLY. TPX IMAGES OF THE DAY

Egypt has taken different measures to support micro, small and medium businesses, Ahram Online quotes President Abdel-Fattah El-Sisi as saying during his participation in the Africa 2017 Forum.

Egyptian authorities have developed the research and business environments, in addition to offering funding, El-Sisi notes.

“I have great faith in our youth who are an integral part of our economy, as people under the age of 20 comprise as high as 60% of the total population of some African countries,” according to El-Sisi.

Legislation related to investment and small-scale investors has also been improved, he says, adding that new legislation has been introduced to “keep up with the economic developments, such as industrial licensing, e-payment services and amending the companies law.”

“Egypt is planning to establish new investment cities offering diverse opportunities for Egyptians,” El-Sisi notes.

The “Africa 2017″ Forum was held from December 7 to 9 in the Red Sea resort city of Sharm El-Sheikh.


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