Leading Egyptian real estate developer Madinet Masr has celebrated the graduation of the 2024 cohort of the Orange Corners initiative at a special event in Cairo. The celebration underscores Madinet Masr’s ongoing commitment, for the second consecutive year, to empowering young Egyptian entrepreneurs, particularly in the Delta and Upper Egypt regions.
By the Numbers
The 2024 cohort achieved significant reach and impact across key regions:
- 130 Startups: The number of startups supported in the 2024 cohort.
- 100 Startups: The number of ventures from the Delta governorates (Alexandria, Dakahlia, Beheira, Menoufia, and Kafr El-Sheikh).
- 30 Startups: The number of ventures from Upper Egypt.
- €4,000 Grant: The financial grant provided to each startup to support their growth plans.
- 3,000+ Jobs: The number of new job opportunities these companies are expected to create.
A Strategic Partnership to Build Sustainable Communities
The partnership between Madinet Masr and Orange Corners, an initiative of the Kingdom of the Netherlands, reflects a shared commitment to fostering innovation and entrepreneurship in Egypt. The graduation event highlighted the initiative’s success in providing young entrepreneurs with the practical tools and skills needed to turn their ideas into scalable projects. This aligns with Madinet Masr’s “Building Communities” strategy, which focuses on investing in human capital.
“Innovation and entrepreneurship are the cornerstone of building a competitive economy capable of facing future challenges,” said Eng. Abdullah Salam, CEO and Managing Director of Madinet Masr. “Our partnership with the Orange Corners initiative aligns with our vision for sustainable development, as we seek to empower youth in the Delta and Upper Egypt… contributing to the creation of startups capable of growth, expansion, and creating real job opportunities.”
International Support and a Focus on Inclusivity
The event was attended by prominent figures, including Ambassador Peter Mollema, Ambassador of the Kingdom of the Netherlands in Egypt. He expressed his pride in the partnership, noting that the Orange Corners program reflects his country’s belief in youth and entrepreneurship as key drivers of economic growth. He also highlighted the initiative’s special focus on empowering female founders, ensuring their participation rate exceeds 50%, in line with Egypt’s Vision 2030 and the UN’s Sustainable Development Goals.
Driving Impact Across Key Sectors
The 2024 cohort supported over 130 entrepreneurs in diverse fields such as agriculture, creative industries, waste management, and smart climate solutions. The initiative provided intensive training programs and specialized mentorship, alongside the crucial financial grants, to help these new companies succeed and contribute to the national economy.
Source: Al Motawwer
