State attaches great importance to SMEs

The state attaches great importance to small and medium-sized enterprises (SMEs) as they provide promising job opportunities for youths and contribute to flourishing national economy, affirmed Abdel Fattah El Sisi.

This came during Sisi's meeting Monday with head of the specialist council of the economic development Abla Abdel Latif and the council's member Mohsen Helmy.

The meeting took up measures which are being taken to develop Egypt's governorates, said Presidential Spokesman Alaa Youssef.

The meeting also tackled projects which will be implemented in Qalyubia governorate, which includes establishing several factories for ready-made garments along with complexes for complementary food and petrochemicals.

The two members of the council underlined the need of activating the branch of the industrial training council in Qalyubia governorate in order to provide the necessary technical training for employees in the various industrial sectors.

The meeting also discussed several proposals regarding establishing an entity to develop, organize work at small and medium-sized enterprises and establish a fund for faltering factories.