The group, chaired by Minister Al-Mashat, aims to enhance the capabilities of startups and the broader entrepreneurial ecosystem to achieve sustainable economic growth through competitiveness and innovation.
During the group's meeting, Al-Mashat emphasized that working groups had held intensive sessions over the past period to discuss various proposals and recommendations from key sector stakeholders, including startups and investors.
She also highlighted that these discussions would culminate in creating a comprehensive startup charter, which is being finalized.
This charter will be a roadmap to bolster investor confidence in Egypt’s startup ecosystem. It will also provide a clear path to sustainable growth and development for emerging businesses.
Moreover, it establishes a legal structure that encourages venture capital investment and enables startups to benefit from facilitation packages and incentives, which will be announced soon.
Al-Mashat also pointed out that these efforts align with the government's broader objectives under the National Structural Reform Programme, which seeks to empower the private sector and create a conducive business environment.
As part of these efforts, Egypt aims to increase the private sector’s share of total investments to 65 percent by 2030.
Private investments surged by 30 percent in the first quarter of FY2024/2025, according to the Ministry of Planning, Economic Development, and International Cooperation.
Egypt also established advisory committees to strengthen government and private sector collaboration.
The meeting further discussed a proposed financing framework to involve government entities, the private sector, and international development partners.

Furthermore, Al-Mashat underscored the government’s commitment to supporting the entrepreneurship and startup sectors.
She affirmed that Egypt recognizes these sectors' critical role in shaping the future of economies worldwide, especially with the rise of emerging technologies and the impact of artificial intelligence on various development fields.
Al-Mashat emphasized that Egypt, with its large, youthful, and qualified workforce, competitive operational costs, and growth potential, is well-positioned to become a regional hub for startups in the Middle East and Africa.
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