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.