Cairo:Minister of Planning and Economic Development Ahmed Rostom emphasized the significance of entrepreneurship as a driving force for Egypt's economic transformation and sustainable growth.
According to State Information Service Egypt, Rostom discussed the implementation of President Abdel Fattah El Sisi's directives to bolster the startup ecosystem, as announced at the conclusion of the Egypt Forum 2026. These remarks were made during the opening of the third edition of the Global Entrepreneurship Festival (GEF), held from November 6 to 8, 2026, under the patronage of Prime Minister Mostafa Madbouly. The festival attracted around 10,000 participants, including entrepreneurs and 200 investors from 70 countries.
During his speech, Rostom highlighted the importance of entrepreneurship and innovation as essential components of Egypt’s structural economic transformation. He noted that these elements are crucial for converting innovative ideas into productive economic activities, turning knowledge into practical solutions, and fostering competitive businesses and sustainable job opportunities. Rostom also presented recent economic achievements, such as the GDP growth rate of 5.1% in FY 2025/2026 and a decline in inflation and unemployment rates.
The Minister outlined the National Economic Transformation Programme 2027–2030, which aims to accelerate economic transformation and promote growth led by the private sector. This program seeks to align the entrepreneurship ecosystem with national priorities, including manufacturing, artificial intelligence, and green industries. The government is focused on creating a supportive environment for entrepreneurs, fostering innovation, and encouraging competition and productivity through transparent regulatory frameworks and improved market access.
Additionally, Rostom detailed President Sisi's directives for launching an initiative to develop at least five billion-dollar companies within the next five years, emphasizing the potential for these companies to expand regionally and internationally. The initiative is part of the National Executive Framework for Supporting Entrepreneurship and Innovation, which supports companies at all stages of development through coordinated efforts and strategic resource allocation.