The Egyptian Junior Business Association (EJB) said a government grant covering 75% of export training costs could help expand Egypt’s exporter base and strengthen the competitiveness of Egyptian products in regional and global markets.
Under the grant, the Export Development Fund covers 75% of the cost of eligible training programs, while participating companies contribute the remaining 25%.
Miriam Beshay, Chair of EJB’s Trade and Logistics Committee, said the subsidized programs would help companies build the expertise and skills needed to meet the requirements of different export markets.
She said sustainable export growth requires companies to invest in internal capabilities and equip employees with the knowledge needed to navigate the export process, alongside financial support provided through programs such as export rebate schemes.
Beshay said the grant could be particularly important for family-owned and startup companies, which represent a significant segment of Egypt’s business community and have potential for expansion and job creation.
Subsidized specialized training would help such companies better understand target markets and their entry requirements, easing some of the challenges involved in preparing to export and supporting their expansion from the domestic market into regional and global markets, she added.
Beshay also stressed the importance of continued cooperation between the government and business community in developing programs that respond to companies’ needs and increase the number of businesses capable of exporting.
The Ministry of Investment and Foreign Trade launched the grant as part of cooperation between the Foreign Trade Training Center and the Export Development Fund, under the “Egypt Exports” initiative.
The current phase targets companies and their employees in the food industries, medical industries, and textiles and garments sectors.
