11 February 2013

Egypt: 'High Time' for Informal Economy to Finally Become 'Legitimate'

It is high time that the informal economy, or all unlicensed and unregistered capital, businesses and real estate, to finally become "legitimate", said Investment Minister Osama Saleh on Sunday 10/2/2013.

The minister pointed out that the ministry is applying an integrated strategy in cooperation with other ministries through new incentives and more facilities in order to raise these institutions' efficiency and providing more social and legal protection for about eight million workers.

He voiced hope that this vital sector would play its role in pushing forward production and creating more jobs to serve the citizens and support the national economy.

Copyright © 2013 Egypt State Information Service. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.