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Egypt’s private sector is highly developed, employing approximately 70 percent of the country’s labor force. A dynamic and young population, large market size, and access to important foreign markets drive Egypt’s enormous economic potential. Despite this progress, significant obstacles dampen the country’s ability to recognize its potential for economic growth. Most micro-, small-, and medium-sized enterprises (MSMEs) operate informally, and they contribute less than 30 percent to gross domestic product (GDP). The country has a complex and burdensome legal and regulatory system.