Planning Minister Hala el Saeed said in a statement Thursday that the platform is one of the mechanisms to spread the culture of entrepreneurship, support small and medium-sized businesses and promote youth projects.
The new move comes as part of the Egyptian state and the Ministry of Planning’s efforts to promote entrepreneurship and encourage youth to create employment opportunities on their own, she said.
Saeed reiterated the ministry’s willingness to provide entrepreneurship support mechanisms and said the ministry is interested in setting up incubators through the ministry-launched Rowad 2030 project to spread free enterprise culture and youth thinking to participate in economic development operations, provide employment opportunities and reduce the unemployment rate.
The start of this platform is an important step that supports the digital transformation and activates the mechanisms of modern technology.
She said the state will spare no effort to support digital transformation and the use of technology to improve the level of services and projects and be able to compete according to global indicators of competition.
Facebook’s CEO in the Middle East and North Africa, Ramez Shehadi, said Facebook is determined to provide the tools that small and medium-sized businesses can use to fuel the wheel of economic growth, create job opportunities and empower local societies in Egypt.
Rise Up Foundation founder Abdel Hamid Sharara said the Business BOT program will provide support to various businesses in the Middle East and North Africa. (MENA)