The Egyptian government is strengthening its commitment to the local startup ecosystem by reforming its Ministerial Group for Entrepreneurship, now placing it under the direct leadership of Deputy Prime Minister for Economic Affairs, Hussein Issa. The move signals a renewed push to position entrepreneurship as a key driver for economic growth and job creation.
Quick Facts
- New group led by Deputy Prime Minister.
- Focus on job creation for youth.
- Aims to make Egypt a regional hub.
From Strategy to Execution
During a meeting at the government’s headquarters in the New Administrative Capital, officials outlined a plan to move from strategic planning to direct implementation. Ahmed Rostom, Minister of Planning and Economic Development, noted that this new phase will build on previous efforts, including the launch of the “Startup Charter,” and focus on creating a comprehensive execution program.
The Ministry of Planning and Economic Development has been tasked with tracking the group’s outcomes and presenting them to the Council of Ministers for official approval, ensuring accountability and progress.
Unifying Public and Private Sector Efforts
A key objective of the reformed group is to unify efforts across various government entities to create consistent and supportive policies for entrepreneurs. Minister Rostom stressed the importance of fostering stronger partnerships with the private sector, emphasizing the need to involve investors in the decision-making process to ensure policies are practical and effective.
This collaborative approach aims to streamline support for startups and cultivate a more robust innovation environment.
Aligning with Egypt Vision 2030
This initiative is a critical component of Egypt’s broader economic goals. Officials confirmed that developing a comprehensive program to support entrepreneurship and innovation is a significant step toward establishing Egypt as a leading regional center for startups.
The government’s direct support is expected to provide a strong boost to the sector, helping to accelerate the growth of emerging companies and contribute to the sustainable economic targets outlined in Egypt’s Vision 2030.
About The Ministerial Group for Entrepreneurship
The Ministerial Group for Entrepreneurship is an Egyptian governmental body composed of various ministers and officials. Chaired by the Deputy Prime Minister for Economic Affairs, its primary mandate is to develop and implement policies that support the national startup ecosystem, drive economic growth, and create employment opportunities.
Source: Rosa El Youssef
