18-03-2026
Source: MIST
Source: Youm7
Mr. Basel Rahmy, CEO of the Micro, Small, and Medium Enterprises Development Agency, affirmed the agency’s commitment to strengthening cooperation with Upper Egypt and border governorates, enhancing efforts to create the right environment for establishing and growing small projects of all kinds. This, he noted, provides more decent and sustainable job opportunities for citizens, especially youth, women, and new graduates from Upper Egypt.
Rahmy’s remarks came during celebrations of Minya Governorate’s National Day (March 18 each year). He congratulated the people of Minya and Governor General Emad Kadwani, stressing the agency’s dedication to implementing more joint development programs with the governorate to improve quality of life, support project owners with financial and technical services, and focus on industrial complexes and promising investment opportunities in various productive sectors, as well as supporting production clusters and natural communities.
Rahmy explained that the agency works with state institutions and governorates to provide financing for citizens—especially youth—to establish new projects or expand existing ones. It also offers marketing services, facilitates participation in exhibitions, and supports entrepreneurship by encouraging innovative ideas and turning them into economically viable projects.
He revealed that between July 1, 2014 and December 2025, the agency injected EGP 5.6 billion into Minya’s project sector, funding 265,000 diverse projects and creating about 376,000 job opportunities. Among these, grants worth EGP 293 million were allocated to infrastructure, community development, and training projects, generating about 3.4 million workdays.
Through its Minya branch, the agency issued about 5,154 final licenses for new projects, along with 2,296 tax cards, 670 commercial registrations, and other necessary permits to help projects operate legally and benefit from the advantages of the SME Development Law No. 152/2020.
Rahmy emphasized the importance of production clusters in Upper Egypt, given their role in economic development and job creation, as well as their ability to absorb traditional crafts for which Minya is known. The agency provides financial, technical, and marketing support to clusters such as:
Dairy production in Mallawi
Molasses production
Handmade carpets in Maghagha
Date production clusters
He noted that the agency facilitates access to non-financial services such as vocational training, project management, and product marketing.
Rahmy called on Minya’s youth to visit the agency’s branch to learn about its services, especially training and qualification programs, and to seriously pursue entrepreneurship and small business creation across various economic sectors.
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