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Bibliotheca Alexandrina

Egypt's startup ecosystem defies global trends, attracts over $500M in 2022

Egypt's startup scene remains resilient and attractive, securing over $500 million in investments in 2022.

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SCZONE signs 144 contracts with $3.2B from July 2023 to April 2024
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Infrastructure work in Ras El Hekma to begin before end of 2024
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Fitch Ratings upgrades outlook of 4 local banks to positive, reflects increased confidence in economy
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Egypt is keen to provide soft financing from development partners to private sector: FinMin

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