"Chief Investment Officer": Entrepreneurs are interested in pumping investments into the Egyptian market
Hossam Heiba, CEO of the General Authority for Investment and Free Zones, met with a delegation of member companies of the global Endeavor network, a leader in supporting startups and entrepreneurship, to discuss investment opportunities in the Egyptian market in several sectors, the most important of which are financial technology, electronic games, sustainability and environmental protection.
He emphasized “prestige” The importance of the partnership between the government and emerging companies capable of creating innovative solutions to support the Egyptian economy and achieve its goals in terms of economic growth, export, employment, and localization of technology.
He reviewed the Authority’s efforts to support entrepreneurship activities during the past years, as the Authority established the Bedaya Center for Entrepreneurship. And the development of small and medium enterprises, which provided packages of advanced training programs in the field of business administration and economic and legal consultations. The authority then contributed to the establishment of the Misr Entrepreneurship Company and the business incubator “Falak” To finance emerging companies and accelerate their growth, and finally the Authority hosted the permanent unit to support entrepreneurship and emerging companies, which coordinates efforts between all parties concerned with entrepreneurship in Egypt.
The CEO of the Authority reviewed the incentives provided to emerging companies, including facilitating procedures and making… Electronic incorporation and commitment to competitive levels of fees and taxes to encourage entrepreneurs to establish and expand in the Egyptian market. Service activities, including electronic applications, have also been included in the activities permitted to operate within free zones for the first time, which helps attract technological expertise from abroad and transfer knowledge to youth. Egyptian, and contributing to increasing Egypt’s exports of services.
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