GAFI Launches New Tech Hub in Nasr City to Supercharge Egyptian Startups

Government-Backed Technology Hub Set to Unlock Global Potential for Egypt's Startups

The entrepreneurial landscape in Egypt just received a massive institutional boost. The General Authority for Investment and Free Zones (GAFI) has announced the official launch of the Technology Hub situated within the Nasr City Free Zone. This strategic initiative, established in partnership with a specialized developer, is designed to be an integrated catalyst for the next generation of Egyptian startups.

The launch of the Technology Hub is part of Egypt's broader vision to leverage its dynamic youth and innovative capacity to drive economic growth, with a target of achieving 6-7% GDP growth primarily powered by the startup sector.

The Hub is more than just a co-working space; it's a strategically planned environment aimed at removing administrative and operational hurdles for high-potential technology companies. The primary goal is to help startups—especially those specializing in software exports and Artificial Intelligence (AI) applications—not just survive, but scale up and successfully expand into international markets.

Key Benefits of the Technology Hub Include:

• Free Zone Advantages: Startups operating within the Nasr City Free Zone gain access to significant benefits, including full tax and customs exemptions and streamlined administrative procedures that significantly ease the burden of scaling operations.
• Integrated Services: The Hub is designed to host essential private-sector service providers in one location, offering startups access to experts in legal affairs, marketing, consulting, and finance.
• Strengthened Competitiveness: By lowering operational costs and simplifying compliance, the Hub aims to strengthen the regional and global competitiveness of Egyptian-led technology companies.
• Institutional Coordination: GAFI is actively coordinating with other bodies like the Financial Regulatory Authority (FRA) and the Egyptian Tax Authority (ETA) to provide comprehensive institutional support tailored for the unique needs of scaling tech ventures.

GAFI's CEO emphasized the government's conviction that empowering startups is central to achieving Egypt's economic targets. This new Technology Hub is a tangible commitment to transforming innovative ideas into high added-value economic growth.