Egyptian ministry reveals number of small projects funded through 'Mashrouak'

CAIRO – 5 October 2023: The Ministry of Local Development indicated in a press statement Thursday that the number of micro and small enterprises funded through "Mashrouak" programme - with LE27.1 billion - had amounted to 207,500 creating 1.6 million jobs.

The top governorates in terms of enterprise number are Menya (23,100); Sohag (22,000); Beheira (18,900); Daqahliyah (16,800); and Sharqia (16,300).

In a different context, Minister of Local Development Hesham Amna announced in June the conclusion of the 21 campaign of restoring state-owned lands from squatters and that was executed between April 19 and July 28.

The campaign resulted in recovering 3.9 million square meters after the demolition of 16,317 unlicensed buildings, and 16,000 feddans (one feddan equals 4,500 square meters) of agricultural lands after the removal of 4,857 violations. Further, 2,779 feddans were taken back in Port Said alone after the elimination of 349 encroachments pertaining to fisheries.