The Ministerial Group for Entrepreneurship, chaired by Hussein Eissa, Deputy Prime Minister for Economic Affairs, held its second meeting on Wednesday following the Prime Minister’s decision to restructure the group in April.
the Group includes Foreign Minister Badr Abdel-Aati, Minister of Supply Sherif Farouk, Minister of Social Solidarity Maya Morsi, Minister of Industry Khaled Hashim, and Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA).
Eissa affirmed that entrepreneurship remains a strategic priority for the Egyptian government, highlighting the crucial role of startups in driving economic growth, fostering innovation, and creating high-quality employment opportunities for young people.
He noted that the government is working to establish a more competitive and attractive environment for startups through greater coordination among ministries and relevant entities, ensuring the effective utilisation of existing initiatives and programmes to deliver tangible economic and developmental outcomes.
Eissa also stressed the importance of maintaining direct communication with entrepreneurs and startup founders, noting that he had previously met with many of them to discuss their ideas, proposals, and the challenges they face. He stressed the need to support promising innovators and enable them to transform their ideas into successful enterprises capable of expanding both domestically and internationally.
He further highlighted the importance of opening new markets for Egyptian startups and boosting co-operation among government institutions to launch integrated initiatives that contribute to building a unified and effective entrepreneurship support ecosystem.
For his part, Foreign Minister Badr Abdel-Aati said that promoting entrepreneurship is a key pillar of sustainable economic growth, stressing the importance of empowering young innovators and facilitating access to financing.
He noted that the government is working through international co-operation programmes to provide innovative funding mechanisms for startups, while supporting business incubators and accelerators to enhance their growth potential.
During the meeting, Industry Minister Khaled Hashim reviewed the ministry’s efforts to identify investment opportunities and industrial needs across priority sectors as part of Egypt’s broader industrial development strategy.
Meanwhile, Supply Minister Sherif Farouk stressed the importance of simplifying procedures related to company establishment, trademark registration, and licensing to improve the overall business climate and support the growth of emerging companies.
