Nasr: We implement Sisi's directives

Investment and International Cooperation Minister Sahar Nasr said that her ministry is implementing President Abdel Fattah El Sisi's directives to give priority to youth projects.
In press statements on the sidelines of her participation in the fourth national youth Conference, Nasr said that the Investment Ministry launched an initiative to establish incubators of youth enterprises. 
She added the first stage will involve six governorates, while the second one will cover the rest of governorates.
The project aims at helping small investors and entrepreneurs, Nasr said, adding the investment ministry is working with other development partners on increasing support for small investors in all governorates.
Recently, Egypt, in cooperation with the UN Development Program (UNDP), established Egypt's National Impact Investment Fund that will facilitate grants and market capital for businesses, especially startups, as well as micro, small, and medium-sized enterprises (MSMEs).
The Investment Ministry also established Egypt Company for Entrepreneurship and Investment, with a capital of EGP 451 million, Nasr said.
She further noted the new Investment Law includes investment incentives that create a conducive investment climate for developing the entrepreneurship sector.

Source: Mena