Egyptian President Abdel Fattah Al-Sisi has waived the condition for establishing start-ups virtually through a yet-to-be-released government platform.
This platform is aimed at removing all hurdles that the start-ups face initially. These companies will be allowed to work virtually. The President took the decision after a meeting with Prime Minister Mustafa Madbouli on May 15. The decision will further help in developing the start-up ecosystem in the country.
Egyptian start-ups have been attracting a good number of investors after Saudi Arabia and the UAE in the Middle East.
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Start-ups to Benefit
Egyptian President's spokesperson Bassam Rady issued a statement after the meeting of the two leaders.
He said the me...