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Egypt looks to South Korea to revitalize small businesses

Egypt has moved to cooperate with South Korea to develop its small and medium-sized enterprises sector, which is the main pillar of sustainable development and a key to creating jobs for the country’s youth.
Egyptian boy Abbas Ali, 12, looks on as he works at a shop specialised in seashell wood inlays in the Saqyat al-Manqadi village in the Egyptian Nile Delta province of al-Minufiyah, on July 7, 2018. (Photo by Mohamed el-Shahed / AFP)        (Photo credit should read MOHAMED EL-SHAHED/AFP via Getty Images)

Egypt has made the small and medium-sized enterprises (SMEs) a central pillar of its sustainable development strategy and a key to creating jobs for the country’s youth.

“SMEs play a pivotal role in enhancing the manufacturing cycle in Egypt,” Prime Minister Mustafa Madbouly said Oct. 26 at a meeting of the Board of Directors of the Micro, Small and Medium Enterprises Development Agency (MSMEDA). He added, “All government agencies are mobilizing their efforts to support and develop this vital sector.”

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