Raya Holding signs a cooperation agreement with GIZ Egypt

Raya Holding for Financial Investments announced it had signed a cooperation agreement with develoPPP, a programme implemented by GIZ Egypt on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ). The cooperation aims to enable and empower start-ups and entrepreneurs by launching new acceleration cycles, hackathons, startup bridges, and other ecosystem-building programmes. Participating start-ups will receive various forms of support, including in-house industry experts, and access to shared resources, networks, and value chains - capitalising on Raya’s capacities and expanded expertise in various industries.

“Our strategic partnership with GIZ is a major step forward in Raya FutureTECH’s course of action,” said Ahmed Khalil, CEO of Raya Holding for Financial Investments. “We launched our accelerator to be a leading actor in promoting the entrepreneurship ecosystem and to take further remarkable steps towards technical, economic, and social growth. Through our programmes in cooperation with GIZ, we will support more start-ups, especially those operating in our extensive areas of expertise, achieving mutual benefit for the start-ups and Raya’s subsidiaries as well,” Khalil added.