Find Coworking Space in Obour

About Obour

If you love the heat, then this is the place for you, Obour as with the rest of Egypt has a hot desert climate that will definitely have you feeling like you are in a steam room. One of the near urban areas of Greater Cairo, it's a metropolitan area with an industrial zone and numerous factories. Located about 35km from Cairo in the Nile Delta region of Lower Egypt, the district is an agricultural haven of fruit and vegetables such as maize, cotton, wheat and citrus fruits as well as being the leading producer of poultry and eggs. Visitors to the city can get excited about exploring the historical monuments and natural landscape, which includes the Sphinx, the Pyramids of Giza and the Keops Pyramid to name a few, while the old city will have you spellbound. Its 250,000 residents can be found indulging in traditional tea, indulging in flatbreads and slow roasted meats or hanging out in coworking venues getting creative.
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 positive or 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 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.
The positives for Egypt's tech scene are that there is enormous potential for growth with exchange rates favouring the foreign investor, the market size available, the need for innovation and the presence of brainpower available. Coworking venues are one more step in support of fledgling startups where they can gather en masse and collaborate.