Egypt To Inject More Investments in Startup Incubators, Risk Management Funds

Sunday, 21st May 2017

The government is to inject more investments in startup incubators and risk management funds in order to lend more support to small- and medium-sized enterprises, Invest-Gate reports.

Minister of Investment and International Cooperation Sahar Nasr makes the statement during the World Economic Forum on the Middle East and North Africa (WEF-MENA) conference that kicks off today in the Dead Sea, Jordan.

Nasr adds that the government is also establishing a EGP 451-mn company to boost entrepreneurial projects in Egypt.

Egypt has passed the long-anticipated Investment Law No. 8 last month, a positive step that would have a clear impact on all business sectors, especially small- and medium-sized enterprises.

Convening under the theme of “Shaping a New Strategic Context”, over 800 government, business and civil society leaders from more than 50 countries are expected to attend, according to WEF.

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