Oran located in the oran province of algeria has a rich history of entrepreneurship dating back to the early 20th century the citys strategic location on the mediterranean coast has made it a hub for trade and commerce attracting a diverse population of over 1 million people despite its potential the startup scene in oran has struggled to gain traction in recent years the citys economy has been heavily reliant on the oil and gas industry leaving little room for innovation and diversification however there have been some notable success stories such as the mobile payment platform djezzy which was founded in oran and has since become one of the largest companies in algeria local universities such as the university of oran have been instrumental in fostering a culture of innovation and entrepreneurship however the living wage in oran is relatively low with an average monthly salary of around 400 this coupled with a high unemployment rate of over 12 has made it difficult for startups to attract and retain talent despite these challenges there are signs of a growing startup ecosystem in oran the citys gdp has been steadily increasing and there has been a recent uptick in the number of new companies starting up with the right support and investment oran has the potential to become a thriving hub for innovation and entrepreneurship in north africa
PrizesHuge thanks toNotion for sponsoring this Award!