Basil Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), announced that the agency has injected EGP 3bn into Qena during the period from July 2014 to December 2025. He noted that this funding enabled the financing of 99,000 diverse small and micro enterprises, generating 151,000 job opportunities. The total included EGP 167m allocated to infrastructure, community development and training projects, which in turn provided 2.5 million workdays. In addition, more than 15,200 temporary and final licences were issued for new projects through the governorate’s One-Stop Shop unit. Rahmy further explained that the agency’s action plans in Qena aim to expand facilitations, incentives and financial, technical and non-financial services stipulated under Enterprise Development Law No.

Source: Daily News Egypt March 03, 2026 16:31 UTC