MSMEDA Injects LE 2.2 Billion Into Alexandria Projects Since 2014

Egypt’s Micro, Small and Medium Enterprises Development Agency (MSMEDA) has invested LE 2.2 billion in Alexandria since July 2014, supporting more than 51,000 projects and generating over 110,000 job opportunities.

According to MSMEDA CEO Basel Rahmy, the funding included LE 102 million allocated to infrastructure, training programmes, and community development, resulting in 718,000 workdays across the governorate.

The announcement came during a meeting with Alexandria Governor Ahmed Khaled to discuss strengthening industrial projects in areas such as Borg El Arab and Merghem. The agency also reviewed efforts to formalise unregistered businesses so they can benefit from new tax and regulatory incentives.

These reforms include Law 6 of 2025, which introduced simplified tax rates starting at 0.4% of annual turnover, alongside exemptions from various duties to support MSME growth.