MSMEDA finances 3,000 small and micro projects at a value of EGP 105.3m in Alexandria in 1H 2022

Hossam Mounir
2 Min Read

Mohamed Salah — Director of the Alexandria branch of the Micro, Small, and Medium Enterprises Development Authority (MSMEDA) — said that the authority’s branch in the governorate pumped funds to about 3,000 small and micro projects worth EGP 105.3m.

This created 5,900 job opportunities during the first half (1H) of 2022.

Salah also indicated that the agency is working to provide various aspects of support and assistance to the people of Alexandria who wish to establish new projects or expand their existing projects, explaining that free training courses are provided to train young men and women to establish and develop their projects with the availability of indicative feasibility studies in multiple sectors to help them start new projects.

Furthermore, he called on the denizens of Alexandria to visit the agency’s office in the governorate to benefit from the various financing services it provides to help them establish or develop their projects and to benefit from the advantages and incentives provided by the Enterprise Development Law 152/2020.

The Director of the Project Development Authority in Alexandria pointed out that over the past six months, hundreds have benefited from one-stop-shop services, which help project owners extract documents to establish their projects, such as the commercial register and tax card in addition to classification and benefits certificates, which help them to capitalise on the advantages and facilitation of the new Enterprise Development Law.

He also explained that the one-stop shop unit in the authority’s branch in Alexandria managed to issue licenses for 160 new projects, in addition to reconciling the status of 261 projects and issuing 1,936 classification and privilege certificates.

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