Egypt launched its first national “Startup Charter” on Saturday, seeking to mobilise $1bn in financing over five years and create approximately 500,000 direct and indirect job opportunities. “Egypt’s Startup Charter is not merely a theoretical document, but rather a flexible, executable tool that evolves continuously,” Al-Mashat said, noting it serves as a foundation for updating legislation to match technological shifts. A central pillar of the charter is the issuance of the first officially approved unified definition of startups. The charter also introduces a “Startup Scale-Up Empowerment Programme” aimed at mature startups. Speaking at the 13th annual RiseUp Summit at the Grand Egyptian Museum, Madbouly described the charter as an executive tool to transition Egypt toward a knowledge-based economy.

Source: Daily News Egypt February 07, 2026 14:47 UTC