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Top Coworking Space in Damietta and Nearby
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Known by quite a few names - Damiata, Domyat, Damietta - this is a port city sitting on an eastern distributary of the Nile River and it's the capital of the Damietta Governorate in Egypt. Damietta is only about 200km from the hustle and bustle of Cairo and 15km from the Mediterranean Sea if you feel like a dip in the water. This is a very old city as it was mentioned in writings in the 6th Century due to the fact that the city was where the salt water of the Mediterranean Sea mixed with the fresh water of the Nile. It has been run over by numerous marauding people over the years and has even been the object of ransom. This is where you will find the 2nd mosque to be built in Egypt and Africa, which was converted into a church twice during the years the city was occupied by the crusaders. Today it's famous for its furniture industry and has a population of about 1,093,580, so you may get lost meandering around the city or trying to find a coworking space without a map in your hand or a local walking with you.
Egypt's startup scene is on fire. With a population of nearly 100 million it's considered to be the 15th largest country in the world by people numbers with the majority of its population tech savvy youth who are always looking for the next best app or the next huge tech innovation. The country has a mega appetite for tech products and online solutions giving birth to an ever-increasing number of startups and platforms in different fields. Its ecosystem is still quite young compared to other countries, which can be a positive or a negative. The positive is the fact that you don't have venture capitalists fighting over startups and creating inflated valuations. Startups have the benefit of numerous angel investors who are prepared to mentor, become real partners and who care. The negative is the fact that many startups do have a hard time finding funding, the community is small and the ecosystem is yet to fully develop for industry specific areas.
Egypt's tech scene has a huge potential for growth with exchange rates favouring the foreign investor. It has a gigantic market size available and the need for innovation and the presence of brainpower is available. Coworking venues are one more step in the support of fledgling startups where they can gather en masse and collaborate.
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