As Egypt begins to rebuild itself after its dramatic revolution earlier this year, young Egyptians are emerging with promising high-tech start-up companies that will hopefully set a precedent for a new economy.
Although Egypt is suffering from high unemployment and a dramatic drop in tourism, some in Egypt see an opportunity to rebuild a new economy that is innovation and competition in the global market.
One young startup company created by 25 year old Mostafa Elbeltag tracks road and traffic conditions in Cairo by allowing drivers to report to others on current road conditions. Drivers can use the website or their smartphone app Bey2ollak to report and read traffic updates before leaving home or work. Since launching in October, Bey2ollak has over 50,000 registered users. Elbeltag hopes his success is a sign for good things to come in Egypt.
“We are proud of what we did in the revolution. It was a spark of hope that we can do better and build a better country. It means a lot to be starting a business at this optimistic time, although we know there are difficult times ahead.”
To read more about Egypt’s young entrepreneurs, click here.