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Cairo governorate is a governorate located in northern egypt in the middle east the area has a population of around 9 million people and is known for its historical landmarks rich culture and diverse economy cairo governorate has a thriving startup scene with many new businesses emerging in the area over the years the citys location in northern egypt has made it an attractive location for startups as it provides access to a large pool of talent and resources as well as a strong focus on technology and innovation geographically cairo governorate is located in the heart of egypt which is known for its strong entrepreneurial spirit and its focus on small businesses the area is home to many startups and small businesses in a variety of industries including technology healthcare and manufacturing the area has several universities and colleges including cairo university and the american university in cairo which provide a skilled workforce for startups to draw from in terms of technological innovation cairo governorate and the surrounding areas have made significant strides in recent years particularly in the areas of ecommerce fintech and transportation the government has invested in the regions technology sector providing tax incentives and other forms of support to encourage growth some notable companies headquartered in cairo governorate include careem a ridehailing app and swvl a bus transportation network in terms of key historical events cairo governorate is known for its rich history and culture particularly for its association with the ancient egyptian civilization and the islamic golden age in terms of the living wage the minimum wage in egypt is around egp 2400 per month as of 2021 the actual cost of living in cairo governorate is relatively low compared to other middle eastern cities the unemployment rate in egypt is around 74 as of 2021 the area has a diverse job market with a strong focus on the technology healthcare and manufacturing industries in terms of gdp cairo governorate has a strong economy with a gdp of around egp 118 trillion as of 2020 the rate of new companies starting and ending in cairo governorate is difficult to determine but there has been a significant increase in startup activity in the region in recent years the government and local business organizations have launched several initiatives to support entrepreneurship including incubator programs and funding opportunities overall the startup scene in cairo governorate is thriving due to its location in northern egypt its strong technology industry and its access to resources the growing number of startups and government support bode well for its future as a hub of innovation and business despite some challenges related to bureaucracy and economic volatility
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