Details of the government doubling the financing of small projects in Upper Egypt 5 times

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continue Enterprise Development Agency Small, medium and micro, his efforts to increase the financing provided to the governorates of Upper Egypt, within the framework of the government’s vision to support young people to launch special projects with the aim of expanding employment operations based on small projects.

During the past seven years, financing for small projects increased toUpper Egypt Governorates By 44% during the period from July 1, 2014 to May 31, 2021, which amounted to EGP 32.3 billion in financing, according to a report issued by the Enterprise Development Authority entitled “7 years of stability and development.” Al-Fattah Al-Sisi was responsible, as the agency provided 32.3 billion pounds in loans to small and micro enterprises, equivalent to five times the rates achieved annually before the president took charge.

The report indicated that 1.4 million small and micro projects were funded, providing more than 2 million job opportunities, and injected funding of 2.5 billion pounds to implement infrastructure projects, community development and training, which provided about 30.4 million daily employment for irregular workers in all governorates.

The report indicated that the agency provided grants during the same period amounting to 2.5 billion pounds for infrastructure projects and community development, from which all governorates benefited, especially Upper Egypt and rural areas, and included the development of many slums.





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