The agreement was signed by Basel Rahmy, CEO of MSMEDA, and
Dr. Heba Shahin, CEO of ERRADA. It supports the state’s efforts to create a
more favorable legislative and regulatory environment for micro, small, and
medium enterprises (MSMEs) and to stimulate entrepreneurship, contributing to
sustainable economic growth.
Dr. Al-Mashat highlighted the importance of coordination
between state institutions and stakeholders in developing the business
environment. She noted that the MoU aligns with government efforts to improve
legislative efficiency, empower entrepreneurs, and enhance their ability to
expand and compete in domestic and international markets.
The minister added that MSMEs are a key driver of economic
growth and job creation. She described the ERRADA initiative as a valuable tool
for assessing legislative impact and producing specialized studies to improve
the investment climate. She also stressed that MSMEs are a central pillar of
the national economy, and supporting this sector is a top priority due to its
role in boosting productivity, fostering innovation, and economically
empowering youth and women.
Rahmy emphasized MSMEDA’s commitment to coordinating with
NGOs, civil society organizations, and initiatives in the SME sector. He said
these efforts aim to create a supportive environment for all types of projects
and encourage citizens, particularly entrepreneurs, to contribute to the
national economy.
He added that the MoU with ERRADA will strengthen
cooperation to support entrepreneurship and enhance the capacity of startups to
achieve sustainable and accelerated growth based on competitiveness and
knowledge, contributing to the creation of decent job opportunities. He praised
the Ministry’s leadership in supporting MSMEDA’s programs and initiatives to
promote self-employment.
He concluded that collaboration with ERRADA will positively
impact the legislative and regulatory framework for MSMEs, enhancing
decision-making efficiency, supporting state plans, and increasing sector
competitiveness. The study of the legislative impact of Law 152/2020 will help
business owners develop and sustain their projects.