Egypt State Information Service (Cairo)

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

11 February 2013

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.

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