Egypt’s $1B Charter Makes It MENA Hub For ScalingTech And Brands
Summary
Egypt's $1B Startup Charter, unveiled at the RiseUp Summit, aims to establish the nation as a key MENA hub for scaling brands, technology platforms, products, and AI services, enhancing its entrepreneurial landscape and attracting global investment.
Key Insights
What is the Egypt Startup Charter and how does it aim to position Egypt as a MENA hub?
The Egypt Startup Charter is Egypt's first national framework to support startups, launched in February 2026, mobilizing $1 billion over five years through public resources, guarantees, and co-investments to enable 5,000 startups, create 500,000 jobs, and cultivate unicorns, positioning Egypt as a MENA hub for scaling technology, brands, AI, and products via de-risking measures, regulatory reforms, and international expansion support.
What does 'MENA hub for scaling tech and brands' mean in the context of this charter?
It refers to Egypt's strategy to become a leading Middle East and North Africa (MENA) center for growing mature startups into large-scale successes like unicorns through the ScaleUp Champions Program, which supports startups with over $10 million in funding or aged over seven years by reducing bureaucracy, aiding IPOs, exits, and international market entry, alongside incentives for AI, agritech, and greentech.