MSMEDA has directed about EGP 3bn to industrial projects between January 2022 and April 2026. CEO Bassel Rahmy highlighted the agency's role in supporting micro, small and medium enterprises during a recent summit.
Bassel Rahmy, Chief Executive Officer of the Micro, Small and Medium Enterprise Development Agency, said the agency has provided approximately EGP 3bn for industrial projects from January 2022 to April 2026. He noted that productive projects made up 30 percent of total financing in 2025.
Rahmy spoke at the MSME Summit organized by Business Bel Arabi. He said the sector drives economic growth and sustainable development in Egypt. The agency joined the Ministerial Group for Entrepreneurship earlier this year.
The agency contributed $50m through 15 investment funds in partnership with the World Bank Group. This has supported 170 Egyptian start-ups and created around 48,000 jobs. MSMEDA plans to participate in the Egyptian-Saudi International Franchise Exhibition in early July.