The "Start" initiative implements 6 investment practices
The "Start" initiative aims to localize modern industry, reduce the import gap, and provide job opportunities for youth in Egypt.
Shrouq
A study by the Egyptian Center for Thought and Studies confirmed that the National Initiative for the Development of Egyptian Industry “Start” applies 6 investment practices, starting with empowerment and ending with financing.
The initiative aims to create sustainable social and environmental impacts with measurable rates of financial investment returns and profits.
Investment includes various types of projects (strategic, national, small and medium) according to their size or economic sector (governmental, private, non-profit).
Sustainable Development Goals
The study confirmed the impact of investing on social responsibility (CSR); It differs in that it goes beyond the concept of social work, and aims to achieve social and environmental sustainability based on Egypt’s Vision 2030, and in line with the sustainable development goals.
50% of global social investment activities are concentrated in the United States of America and Canada, while the total social investment in the Middle East and North Africa is only about 1%.
The study added that the total social investment in the world is estimated at $2.3 trillion.
Increasing rates of social investment
Undoubtedly, the “Start” initiative and its practices that have a social impact through vocational training and qualification will contribute to increasing social investment rates, which means achieving the first goal of the sustainable development goals related to poverty eradication, and the eighth goal related to providing decent work and social growth.
The “Start” strategy emphasizes making a positive impact through investment that is not restricted by borders or society, bypassing the concept of social responsibility for companies and factories, to the concept of global citizenship.
Therefore, the initiative's strategy is consistent with the goals of sustainable development, especially with regard to reducing the repercussions and effects of climate change resulting from the industrial sector in general.
Objectives of the "Start" Initiative
The "Start" initiative basically aims to achieve 3 main goals represented in providing job opportunities, localizing modern industries, reducing the import gap and increasing local industries by adding new investments to the industrial sector at a value of EGP 200 billion and providing about 150,000 direct and indirect job opportunities.
