Egyptian president meets with representatives of 'unicorn startup companies' in Dubai

CAIRO – 13 February 2023: President Abdel Fatah al-Sisi took part Monday in a roundtable discussion with representatives of “unicorn startup companies” operating in the sectors of technology, artificial intelligence, e-commerce and sustainable management of resources on the sidelines of UAE’s World Government Summit held in Dubai.

The attendees expressed interest in investing in Egypt, and those already having investments in the country, said they wanted to expand. In that context, the president showcased the government's eagerness for constantly communicating with investors to learn about the obstacles they face, and hence, eliminate them.

President Sisi said that private investors, especially startups, are pivotal for the transfer of modern technology, and sustainable development. He also shed light on the economic, institutional, and legal reforms Egypt had carried out, as well as the facts that Egypt is turning into a regional energy hub, and that the country is a large market.

The president had met with UAE Vice-President and Prime Minister Sheikh Mohamed Bin Rashed Al Maktoum, newly-elected Cypriot President Nikos Christodoulides, and Managing Director of the International Monetary Fund Kristalina Georgieva.