Tuesday 22 Oct
Minister of Finance, Ahmed Kouchouk affirmed the government's commitment to enhancing the business climate and reducing financial burdens through integrated fiscal, investment, and commercial policies. These measures aim to stimulate investment, production, and exports, fostering private sector growth. The ministry offers supportive programs and initiatives for both local and foreign investors, focusing on tangible results.
At a recent meeting with Turkish
business leaders, on the sidelines of the Arab-Turkish Economic Forum, he plans
for tax reforms and facilitations to strengthen partnerships and trust. The
first package of these measures has already been announced. He also revealed
that the government aims to issue a "Tax Policy 2030" strategy before
the end of the current fiscal quarter to enhance tax certainty, enabling
investors to better plan their future projects.
Kouchouk further emphasized the
new opportunities to exploit investment prospects for strengthening economic
relations between Egypt and Turkey. Turkish companies operating in Egypt have
been major contributors to the country's exports, and bilateral trade reached
approximately $8.5 billion last year.
He emphasized the importance of stronger partnerships between the Egyptian and Turkish private sectors to achieve sustainable development goals. Egypt, as Turkey's largest trading partner in Africa, aims to facilitate increased exports of Turkish products to European and international markets.
