[2] On March 29–30, 2010, Ministry of Investment reported that Small & Medium enterprises (SMEs) in Egypt account for about 75% of employment, 80% of GDP, yet contributed to only 4% of exports and 10% of fixed capital formation.
[17] The latter keep bureaucrats on track and lessen the chances of lost or neglected permit applications and endless delay tactics.
[8] In Assiut and the Ministry of Housing, Utilities and Urban Communities, the requirements to obtain a building permit are listed on their respective web sites.
Information about the procedures and process for obtaining a building permit helps businesses with their project planning, saving time and money.
The procedures related to obtaining the contract from the real estate registry, signing it, and picking up the new title could easily be combined.
Egyptian cities can look for good practices within Egypt like in the case of Assiut where it takes 33 days only to register property;[18] otherwise the country could look to Armenia, Croatia, Ghana and the Dominican Republic as recent examples of successful reforms.
Encourage angel investors to play an active role in supporting early stage entrepreneurial ventures especially high growth start-ups.
In Egypt and Lebanon, the need for developing a framework for rescue and restructuring proceedings has been acknowledged by all parties involved in the assessment of the insolvency legislation.
It has developed a mediation procedure, getting the debtor and his creditors more involved in the reorganization process through direct negotiations between them,[21] keeping the level of involvement by courts and trustees at a minimum, and providing incentives (e.g., less penalties, easier settlement) for debtors who are aware that they can no longer pay their debts as a way of encouraging early action.
Only 7.5% of Egyptians reported ever having taken any courses on starting a business as part of school-based activity, or participating in related training after leaving the formal education system.
Of the non-entrepreneurially-active population, adults who have never received start-up training were much less likely to perceive that they had the skills, knowledge, and experience to start a business than those who had.
The majority of experts did not believe that people in their countries generally possess the necessary know-how and experience to start-up and manage business, Egypt ranked 21st, placing it in the bottom third of GEM countries.,.