Startups secured $304 million through 69 venture capital deals, according to data from UAE-based startup and venture investment tracker Magnitt.
Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat confirmed the upcoming launch of the first package of government incentives and policies aimed at supporting startups, increasing their contribution to Egypt’s economy, and creating more jobs.
The announcement was made during a meeting of the Ministerial Entrepreneurship Group. The meeting discussed the rollout of government policies and a charter to support startups, including efforts to agree on a unified definition of startups, introduce a certification system to regulate access to government incentives, and propose the establishment of an institutional body to support the growth of the entrepreneurship ecosystem and connect startups with investors and ministries.
Discussions are ongoing to develop a unified government guide for services and licenses, intended to reduce information gaps and help startups access more than 170 services and licenses offered by 35 government entities.
The ministerial group also launched its official website, which will serve as a single point of contact to improve communication with the entrepreneurial community.
The group reviewed the finalized Startup Charter, a roadmap that includes more than 80 government measures aimed at building trust between the state and businesses, improving coordination, and providing clearer policies for investors.
From January to May 2025, startups secured $228 million in venture capital and debt financing, a 130 percent increase compared to the same period in 2024, when funding totalled $101 million over six months.
These efforts are part of Egypt’s broader strategy to empower the private sector and create a more supportive business environment, as outlined in the country's Narrative for Economic Development, which sets out its economic vision through 2030. The strategy focuses on high-value sectors and expanding access to export markets to strengthen competitiveness and increase private sector participation.
In May 2025, the General Authority for Investment and Free Zones (GAFI) announced that export-oriented service startups can now establish headquarters in Egypt’s free zones with full tax and customs exemptions. The move aims to attract both foreign and local investment in the digital economy, with a focus on AI and software companies, and to support private sector growth.
Short link: