Entrepreneurship crucial for Egypt’s advancement

A study was conducted by Business Sweden in order to obtain a comprehensive overview of challenges and opportunities for small and medium enterprises (SMEs) in Egypt. It also includes insights on the state of the Egyptian market in general.

The report reveals that entrepreneurship is significant for the advancement of developing countries such as Egypt.

“Egypt’s economic performance is rated as weak in the World Economic Forum’s Global Competitiveness Report, but there seems to be a growing interest and efforts to improve the business climate,” the report reads. Therefore, the report adds that the Swedish experience in the field of entrepreneurship and SMEs could be employed.

The report reveals that Swedish-Egyptian cooperation in this sector will aim to facilitate dialogue between Egyptian and Swedish entrepreneurs, strengthen the entrepreneurship sector in Egypt and contribute to enhancement of entrepreneurial skills of young Egyptians.