Egypt improved its standing by six points in the 2023 Open Budget Survey, now ranking 63rd out of 125 countries
With a 10/10 score in funding and an 8 in talent and experience, Egypt’s capital city demonstrated its capacity to attract investment and nurture a skilled workforce essential for startup success.
Overall, 80% of executives surveyed by C&B, in collaboration with global research firm CARMA International, stated that they aim to boost their CSR efforts next year. Leading this were Egypt (93%) and the KSA (87%) showing the strongest intent to expand CSR efforts
No further details were disclosed but the spokesperson announced that the updates and outcomes will be shared by the end of Hollar’s visit
The finance minister, Mohamed Maait, added that the government’s Initial Public Offering (IPO) program strengthens Egypt's ability to meet its financing needs over the next two years and attract more investment inflows, reducing the need for external financing
