(2 minutes read)
Egypt topped the list of Middle East and North Africa (MENA) countries that sealed deals with startup companies last year, according to the Cabinet’s Information and Decision Support Center (IDSC). Egypt has signed 160 agreements with emerging firms in 2022
Egypt topped the list of Middle East and North Africa (MENA) countries that sealed deals with startup companies last year, according to the Cabinet’s Information and Decision Support Center (IDSC). Egypt has signed 160 agreements with emerging firms in 2022.
The second position was bagged by the UAE with 153 deals. Saudi Arabia was in the third position with 144 deals.
Read Also:
https://trendsnafrica.com/emirati-gulf-data-hub-to-develop-data-center-complex-in-egypt/
https://trendsnafrica.com/inflation-and-currency-depreciation-take-sheen-off-egypts-growth-story/
https://trendsnafrica.com/egypt-and-india-sign-protocol-to-counter-terrorism/
Egyptian companies could collect funds worth US$517 million in 2022. The number of investors contributing to startup firms in Egypt also rose by 30 percent, reaching 160 businessmen in 2022, up from 123 the year before, the IDSC added.
