Blended Finance Conference - Cairo, May 9, 2023 / Speakers



Mr . Seif Allah Fahmy - Chairman & Founding Member - ENCC

Seifallah Fahmy is a notable figure in Egypt, having served as the Chairman of the Egyptian National Competitiveness Council (ENCC) from 2014 till now. During his tenure, he made significant contributions to the council's mission of driving economic growth, job creation, and international competitiveness for Egypt.

As the chairman of the (ENCC), Fahmy led various initiatives aimed at improving Egypt's economic competitiveness, including advocating for the development of an innovation-driven economy, promoting entrepreneurship and small business growth, and encouraging investments in the country's infrastructure and human capital. He believed that a strong, diversified economy was necessary for the long-term growth and prosperity of the nation.

One of Fahmy's most significant accomplishments was his role in establishing the first-ever National Innovation Strategy in Egypt. He worked closely with various government and private sector entities to create a comprehensive roadmap for Egypt to develop an innovation-driven economy, focused on building a supportive environment for research and development, promoting entrepreneurship and start-up culture, and increasing investment in science and technology. The strategy aims to create a culture of innovation in Egypt that can spur economic growth, create jobs, and drive international competitiveness.

Another important initiative led by Fahmy was the creation of the Egypt Entrepreneurship Summit, an annual event that brings together entrepreneurs, investors, and policymakers to promote the development of a vibrant startup ecosystem in Egypt. The summit aims to connect entrepreneurs with investors and mentors, promote knowledge-sharing and capacity building, and create a platform for policymakers to listen to the needs of the entrepreneurial community and take action to support their growth.

Under Fahmy's leadership, the (ENCC) also worked on improving the business environment in Egypt, aiming to streamline procedures, reduce bureaucracy, and cut red tape, which had previously hindered foreign investment and local businesses. The council created an online platform to provide information and resources for entrepreneurs and investors, as well as implemented various policy changes to improve the ease of doing business in Egypt.

Seifallah Fahmy is widely recognized for his contributions to Egypt's economic development, with many business and government leaders praising his vision and leadership. His work has helped position Egypt as an emerging market with tremendous potential, and his initiatives have set the stage for continued growth and development in the years to come.

In conclusion, Seifallah Fahmy's tenure as Chairman of the National Competitiveness Council was marked by his commitment to creating an innovative, dynamic, and supportive environment for Egypt's entrepreneurs and businesses. His vision and leadership have played a vital role in positioning Egypt as a competitive player in the global economy, and his contributions will continue to drive the country's growth and prosperity for years to come