(3 Minutes Read)
Rahmy made the remarks during a meeting with Prime Minister Mostafa Madbouly recently to review MSMEDA’s efforts in promoting inclusive development across border governorates.
Bassil Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), Egypt, announced that between July 2014 and August 2025, the agency has allocated around EGP 4.9bn to finance 128,290 small and micro projects in Egypt’s border governorates, creating approximately 228,597 job opportunities.
He added that an additional EGP 232.6m was directed to community and human development projects in those regions, generating nearly 2.6 million workdays. Rahmy made the remarks during a meeting with Prime Minister Mostafa Madbouly recently to review MSMEDA’s efforts in promoting inclusive development across border governorates.
He noted that from January to August 2025 alone, MSMEDA provided EGP 258m in funding for 1,961 small and micro projects, creating more than 7,000 jobs.
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Rahmy highlighted that Egypt hosts around 145 productive clusters, 63% of which specialize in heritage and traditional crafts. Of these, 25 clusters are located in border governorates — including seven in Marsa Matrouh, six in Aswan, two in South Sinai, four in North Sinai, three in the Red Sea, and three in the New Valley.
