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Egypt to Finalize the Startup Charter to Boost Investment

Egypt to Finalize the Startup Charter to Boost Investment
Image Source: wikimedia commons
  • The “Startup Charter” is a strategic initiative that supports Egypt’s entrepreneurial ecosystem.
  • This initiative assists approximately 500 startups and aims to target 500 companies with investments exceeding $1 million. 
  • It is part of a unified strategy that simplifies processes to foster business growth in Egypt. 

Dr. Rania Al-Mashat, Egypt’s Minister of Planning, Economic Development, and International Cooperation, announced the development of the “Startup Charter.” This Charter intends to create an inclusive framework that boosts investor confidence and streamlines business processes. 

In her speech at Egypt’s Venture Investment Summit 2025, Al-Mashat highlighted the government’s efforts to empower the entrepreneurial sector. She stated that finalizing this Charter represents a significant milestone for strengthening Egypt’s position as an innovation hub. 

Supporting Startups

According to recent announcements, the government plans to support around 5,000 startups. The initiative will drive job creation and economic growth, with approximately 500 companies expected to attract investments surpassing $1 million. 

The Charter will establish a transparent environment for entrepreneurs and international investors through a unified approach to defining startups. Various incentives will also be introduced, including tax relief and simple licensing processes. This initiative follows consultations with representatives from government bodies, startup communities, and civil society. 

This process involved more than 15 meetings and sessions that led to the development of 94 key actions and policies, with 19 government entities taking part in the implementation.

Startup Charter Set to Enhance Economic Impact 

This initiative represents a significant step toward fostering sustainable growth. It establishes Egypt as a key destination for venture capital in the Middle East and Africa. 

The Egyptian government aims to empower entrepreneurs, improve access to capital, and ensure that startups make a significant contribution to economic development.

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