Micro Small and Medium Enterprises Development Agency
This increased investment by MSMEDA is expected to enhance local production capabilities, support export growth, and contribute to a stronger national industry in Egypt.
El-Kilani shared that the tax facilitation package aims to establish a comprehensive tax system for businesses with annual revenues not exceeding LE 15 million as part of the government's efforts to encourage and support small enterprises through simplified tax treatment.
MSMEDA is currently working with various state institutions to implement the Small Enterprise Development Law
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
Rahmy highlighted that MSMEDA has already injected more than LE 805 million into Damietta Governorate between 2014 and 2023
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
