Friday 18 Oct
Prime Minister Dr. Moustafa Madbouly held, Tuesday, a meeting at the government headquarters in the New Administrative Capital with Ahmed Kouchouk, the Minister of Finance, and Engineer Hassan Al-Khatib, the Minister of Investment and International Trade.
Cabinet spokesperson Counselor
Mohamed El-Homosani announced that the meeting had finalized the tax
facilitation packages and investment incentives, and they would be formally
unveiled on Wednesday.
Meanwhile, Ahmed Kouchouk i noted
that the tax facilitation package aligns with the government's recent policies
and the Ministry of Finance's efforts to foster investor confidence. These
measures aim to streamline tax processes, reduce obstacles for businesses, and
boost productivity. Ultimately, they seek to strengthen the macroeconomic
framework and promote a more export-oriented growth model.
The Minister of Investment and
International Trade outlined the finalized investment incentives package,
developed in collaboration with relevant agencies and investors. Designed to
enhance Egypt's investment climate and attract more domestic and foreign
capital, this package covers various sectors.
Engineer Hassan Al-Khatib
discussed the progress of the export rebate system. He noted ongoing
coordination among the Ministries of Industry, Investment, and Finance to
refine and streamline this system. The goal is to expedite export support
disbursements and improve the clearance process for investor dues with
government entities.
Al-Khatib expressed confidence that the new export rebate system would boost export rates, thereby positively impacting the industrial sector, production volumes, and employment levels across various fields. He mentioned several meetings held with investors to discuss the new program.
