Bassel Rahmy
This increased investment by MSMEDA is expected to enhance local production capabilities, support export growth, and contribute to a stronger national industry in Egypt.
MSMEDA is currently working with various state institutions to implement the Small Enterprise Development Law
Furthermore, he clarified that this contract will be advantageous to a wide range of sectors, including commerce, services, agriculture, and manufacturing projects.
These contracts mark the initiation of MSMEDA's plans for 2024, which are in line with Egypt's strategic goal of expanding financial assistance for micro-enterprises.
Rahmy highlighted that MSMEDA organized a total of 138 exhibitions, attracting nearly 3,400 exhibitors and generating sales and contract revenues amounting to EGP 270.8 million
MSMEDA also pumped LE 1.8 billion to enhance the automotive feeding and supply chain industries, according to its CEO.
In addition to financial support, MSMEDA offers non-financial support including project registration in suppliers' directories, integration into commercial networks, entrepreneurial training, and the facilitation of business-to-business collaborations
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