Egyptian Micro, Small and Medium Enterprises Development Agency (MSMEDA)
The Project Development Authority is the entity concerned with the development of SMEs, and entrepreneurship either directly or through the coordination of the efforts of all parties and civil associations and initiatives in the field of these projects, or through the establishment or participation of companies.
The Agency was established by decree of the Prime Minister No. 947 of 2017 and amended by Decree No. 2370 of 2018, to be followed by the Prime Minister directly. The Agency replaced the Social Fund for Development established since 1991, thus becoming the product of the accumulated experience of more than 25 years in providing Employment opportunities, poverty alleviation, creating a supportive environment for small and micro enterprises, spreading the culture of entrepreneurship, as well as implementing community and human development programs and labor-intensive public projects that have effectively contributed to improving the living standards of citizens.SMEME has wider functions and roles and has more comprehensive competencies and competencies in terms of coordination for the development of the SME sector and the achievement of social and economic development. It is therefore seeking to develop a national SME development program and to create a favorable climate And encourage citizens to enter the labor market through these projects, as well as spreading the culture of entrepreneurship and research, creativity and innovation and coordinate the efforts of all stakeholders in this area.