In a bid to help small- and medium-sized enterprises (SMEs), President Abdel Fattah El Sisi has asked the trade industry to ease its procedure so that they can obtained licensing units at industrial complexes.
The move by the President is aimed at supporting young investors and SMEs, which could eventually serve industrial development and lead to boosting local manufacturing and production in all sectors.
He made the directive during a meeting that includes the Prime Minister Mustafa Madbouli, Trade and Industry Minister Nivine Gamea, and Head of the Armed Forces Engineering Authority Ehab El-Far.
Trade and Industry Minister Nivine Gamea also briefed President Sisi on the progress made on this score and criteria set for choosing the various targeted industrial activities, which could in turn create more direct and indirect jobs.
Meanwhile, according to the presidential spokesman Bassam Radi, the facilitations offered to entrepreneurs should include helping them complete all the permits and administrative approvals they need to get from the Trade and Industry Ministry and obtain commercial registration for their businesses, along with providing them with the credit support needed to buy the machinery and equipment they require.
Source: Egypt Online