By Nelson Ikechukwu Nworie
Egypt is an excellent place to start a tech business. You might think it’s all about the pyramids, but there are plenty of other reasons you should consider setting up a business in Egypt. Here are six key reasons why:
There are many opportunities for new businesses to be created in this sector. The government has also made it easier for foreign investors to enter the country and invest in companies that need capital for expansion or growth. Therefore, it’s a good time to start your own business if you’re interested in technology or have an idea that could benefit from technological advancements here.
There are some incentives available to start-ups in Egypt. These include tax breaks, reduced red tape, and access to financing. Additionally, the government is working to create a more conducive environment for start-ups by improving the infrastructure and providing training and support.
The Egyptian tech industry is proliferating with its young population having much interest in technology and being willing to learn how things work technologically so they can use those skills later down the road when needed most (like when trying out new products).
Egypt is a good destination for a tech start-up because of its large urban population. The country has an estimated population of 104 million people, with over half living in cities. This makes it an ideal place to develop your business and find customers.
In addition to being urbanised, Egypt also has high education and literacy rates (71.17%), which means there’s lots of potential talent available for your company’s growth strategy. Youthfulness is also powerful here—the Muslim population makes up 90%+!
Several tech start-ups have been successful in Egypt. One of the most successful is Raya, a social networking app that has been downloaded over 10 million times. Other successful start-ups include Swvl, an app-based bus service, and Shezlong, a mental health app.
The country has a history of successful tech start-ups, including Beko and Mobinil, which have received millions in funding from American companies like Google and Microsoft.
Egypt has also seen the success of many other companies that provide technology solutions to various industries, including Vodafone Egypt, which offers mobile data services through its Vodafone Egypt brand.
Egypt has a large young population, over 60 million people under 30. The country also has a growing pool of skilled labour in the IT sector, which means you can hire people easily without looking for qualified candidates. This is especially true compared to other Middle Eastern countries with similar populations but fewer graduates from their universities interested in working in tech companies.
Egypt is a good destination for tech companies because it’s close to Europe and North Africa, which makes it an excellent place to take advantage of trade with those regions. The country’s location also gives you access to the Middle East market, which has been proliferating in recent years thanks to e-commerce sites like Amazon.
Egypt has a growing pool of skilled labour in the IT sector. The country’s population is young and has a good education. In addition, many Egyptian companies deal with computer hardware and software, especially those based in Cairo. This makes it easier for you to find partners in your business who can help you use their resources or provide you with a base from which to operate.
This means there is plenty of potential for growth in IT and other industries like manufacturing and agriculture.
Israeli companies have trained the local labour force over many years, so they are highly skilled at providing services such as software development, web design and video editing. This means that you can hire local talent who understands your needs before setting up your company in Egypt – not only will this help you save money on recruitment fees, but it also means more satisfied clients!
In conclusion, as we’ve seen, there are many reasons why Egypt is a good starting point for tech companies. The country’s growing population, skilled labour force and proximity to Europe and North Africa all make it an attractive location for entrepreneurs. It also has several advantages over other countries in the region.
