The Small and Medium Enterprise Policy Development (SMEPOL) Project ran from April 2000 to December 2005 with support from the Canadian International Development Agency (CIDA), the International Development Research Centre (IDRC), and the Government of Egypt. This evaluation report covers four main sets of issues. First, it provides an assessment of the SMEPOL project – what happened, what worked and why. Second, it highlights some lessons for replicability – setting the findings of the SMEPOL project within the context of the literature and practical experience in this area. Third, we make recommendations regarding how Canadian stakeholders might continue to work on policy development on MSME issues in Egypt. Fourth, we outline options for replicating SME policy development type interventions in other parts of the Middle East – based on an analysis of where the context conditions are favourable and the types of activities that donors might support in different contexts.