Last Update 23:58
Tuesday, 11 August 2020

5.8 million Egyptians work in SME sector: Planning minister

Doaa A.Moneim , Sunday 28 Jun 2020
Hala El-Saeed
File Photo: Egypt's Planning minister Hala El-Saeed (Photo: Al-Ahram)
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Views: 1555

Egyptian Minister of Planning and Economic Development Hala El-Said has said that the number of workers in the sector of medium, small and micro enterprises (MSMEs) in Egypt amounts to about 5.8 million workers, representing about 43.1 percent of the number of workers in the official sector as a whole.

El-Said made her statements in a speech on the sidelines of the ‘Entrepreneurship and Economic Development Challenges’ session, which is the first in a series of discussion sessions on entrepreneurship and economic development.

Egypt is working to encourage a culture of entrepreneurship and consolidate it within the different stages of education to support self-employment and encourage Egyptian youths to be job makers, according to El-Said.

Regarding the government's efforts to support entrepreneurship, El Said explained that Egypt's Vision 2030 represents a major pillar for encouraging knowledge, innovation and scientific research, as the vision aims to turn Egypt in 2030 into a creative, innovative and productive society for science, technology and knowledge.

With regards to Egypt's Vision 2030 goals, El-Said noted that the government has set several implementation programs (within the framework of the government's work program for the period 2018-2022) to encourage technology and innovation, spread a culture of self-employment and stimulate entrepreneurship.

El-Said also stressed that the sector of medium and small projects is a priority for the Egyptian government, which has taken a number of serious measures to encourage this sector, whether on the financing side through launching initiatives to provide credit facilities for these projects or providing non-financial services for entrepreneurship.

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