The Minister of Economy and Trade in the Government of National Unity, Mohamed Al-Huwaij, discussed with the ministry’s deputies for economic affairs and free zones, the chairman of the board of the General Authority for Investment Promotion and Privatization Affairs, the general director of the National Program for Small and Medium Enterprises, and the general director of the Credit Guarantee Fund, the obstacles and difficulties facing small and medium-sized projects in different regions, and the latest developments in the adoption of the project stock exchange by the Council of Ministers.
During the meeting, the attendees reviewed a number of proposals to develop the performance of branches and offices affiliated with the National Program for Small and Medium Enterprises, in cooperation with the Credit Guarantee Fund, in supporting and activating micro-projects and contributing to the development of remote areas.
Al-Huwaij emphasized the need to develop a strategy that finances small projects through banking and non-banking financing tools, directing the General Authority for Investment Promotion and Privatization Affairs to identify the approved investment projects that have not yet started operating, and prioritize the adoption of investment projects for the development of the southern region, in addition to projects for the construction of refineries for petroleum products.
Directors of the legal, corporate, and trademark departments at the ministry attended the meeting.