‘Entrepreneurs 2030’ project to be launched soon

CAIRO – 24 December 2017: The Ministry of Planning will soon launch the “Entrepreneurs 2030” project, which provides young calibers with a master’s degree in entrepreneurship, Planning Minister Hala el-Saeed said Sunday.

She said that a cooperation protocol on the project will be signed, which will be implemented under the umbrella of the Planning Ministry and the UK’s University of Cambridge.

The launch of the project will also be accompanied by the launch of entrepreneurship programs across the country, Saeed added.

The minister said that the project targets enhancing the capabilities of young calibers to achieve comprehensive economic and social development, which will help in realizing the main goals of the country’s sustainable development strategy “Egypt 2030”.

Saeed said that her ministry aims to create a comprehensive scheme that will help encourage students and fresh graduates to establish their own projects and boost these projects’ competitiveness to help them compete in the market.

Head of the “Entrepreneurs 2030” project Ghada Khalil said that a curriculum on entrepreneurship will be taught by experts in the field to generate a new generation of entrepreneurs. This in turn will help in using the youth’s innovative capacities to achieve economic growth.

Saeed said that the project is a result of the joint efforts of the ministries of planning, education and trade.

She added that it is also the result of a successful partnership between the public and private sectors, as it involves the participation of Bank Misr, National Bank of Egypt, British Council, Cairo University’s Faculty of Economics and Political Science and University of Cambridge.

Egypt’s sustainable development strategy Egypt 2030 was announced by the government in 2015, targeting three main goals: economic development, competitiveness of markets and human capital.

The final draft of the strategy was launched in February 2016, aiming to raise Gross Domestic Product (GDP) growth to 12 percent in 2030, up from the current four percent, while reducing the budget deficit to 2.28 percent from 11.5 percent.

Under the strategy, the government will be committed to increasing investment rates, raising the contribution of services to GDP to about seven percent, increasing exports and reducing unemployment rates to about five percent.