• Egypt plans a VC fund to support startups, scale businesses, and address expansion-stage funding gaps.
• New industrial investment funds aim to boost manufacturing, expand factory capacities, and increase Egypt’s export potential through targeted financing.
• Minister Dr Mohamed Farid emphasizes government-private partnerships as key to sustainable growth, improving competitiveness, and strengthening the business environment.

VC Fund

Minister of iInvestment and Foreign Trade, Dr. Mohamed Farid Saleh, disclosed in an interview on the sidelines of the American Chamber’s annual iftar in Cairo that there are plans to launch a venture capital investment fund as well as a new industrial investment fund. This fund aims to support startups and strengthen Egypt’s production and export capacity.

The interview was held by  General Manager of Amazon.eg, Omar Elsahy and General Manager of Mars Egypt, Sally Elguindi. 

The venture capital fund will act as a co-investor alongside funds that provide long-term financing to startups. This aims to help them scale and attract additional investment. It also aims to address the ‘bottleneck’ of expansion-stage funding (Series A, B, C), which currently forces startups to seek founding investors (LPs) abroad.

Additionally, in regards to entrepreneurship, the minister said the sector is the backbone of the economy. He further indicated that the large venture capital investment fund will be in collaboration with Egypt’s sovereign fund.

Industrial Funds

Minister Dr Farid also indicated that the Ministry of Finance and Ministry of Investment and Foreign Trade are working in collaboration to establish new industrial investment funds. These funds aim to support the manufacturing sector, provide financing for factory expansion and capacity growth and help boost exports.

Minister Dr Farid described the current stage of Egypt’s economy as a “pivotal moment.” He emphasized genuine government-private sector partnership to enhance trust, attract investment, and achieve sustainable growth based on strong economic fundamentals.

He noted that the goal of this partnership is to accelerate dialogue to strengthen the business environment. As well as increase competitiveness, boost exports, and ensure sustainability.