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. And according to GAFI: 90% of registered companies have capital less than LE 10 million while 70% of registered companies have capital less than LE 1 million.[14]