Private Sector
Sisi ordered fostering a more competitive investment climate.
President Abdel Fatah El-Sisi held Tuesday a meeting with Prime Minister Mostafa Madbouli, Governor of the Central Bank of Egypt (CBE) Hassan Abdullah, and Finance Minister Ahmed Kujuk.
The agreements include a $230 million concessional development loan, equivalent to 35 billion Japanese yen, aimed at supporting Egypt’s budget and advancing critical structural reforms. Additionally, grants worth $4.3 million will be used to renovate the Cairo Opera House and expand agricultural mechanization, boosting public services and enhancing the livelihoods of small-scale farmers.
Kouchouk outlined key reforms, including the reinstatement of sample audits for all taxpayers and the pilot launch of the Centralized Electronic Clearing System
He emphasized plans to expand public-private partnership projects in the near future.
He pointed out that the Egyptian market offers significant opportunities, particularly considering the substantial investments made in infrastructure over recent years. These investments have created a more favourable business environment. El-Khatib emphasized the ministry’s efforts to improve Egypt’s global competitiveness and its aim to position the country among the top 50 nations in international trade indices soon.
This investment is part of Egypt’s broader development strategy under the “NWFE” program, which is aimed at supporting sustainable growth and accelerating the country’s transition to a green economy
He highlighted the crucial role of the private sector, not only in financing but also in operational efficiency, management, and ensuring the quality of services provided to citizens.
The minister highlighted Egypt's economic reforms and the government's commitment to improving the business climate and facilitating foreign trade.
Egypt’s private sector is increasingly contributing to the national economy, with its share of total investments rising to 37 percent in the previous fiscal year (FY2023/2024), thanks to governmental initiatives
Kouchouk affirmed the government's commitment to stimulating private sector growth highlighting the ongoing structural reforms in Egypt's economy
Minister Hala El-Said Reports Significant Economic Reforms and 65 Investments Across 14 Sectors, Private Sector Employs 80% Workforce
During a panel discussion, Kouchouk emphasized the importance of recent legislative measures aimed at abolishing preferential tax treatments across all sectors
Omran said that the experience of allowing the private sector to sell energy to the consumer from the private sector also opens the door to liberalizing the electricity market in Egypt.
The law was drafted by the government and approved in principle on Sunday.
The House of Representatives approved in principle Sunday the draft law submitted by the government.
Madbouli urged the attended investors to present their vision for achieving the ambitious goal of attracting 50 million tourists annually to Egypt.
El-Said noted that the national structural reform program has four main pillars, the first one focuses on the real side of the economy which is: manufacturing, agriculture, and information and communications technology (ICT).
The Egyptian government is committed to paving the road for more contributions from the private sector, the prime minister stated
The increased availability of foreign currency, coupled with hopes of exchange rate stability, lower prices, and improved material availability, boosted confidence among non-oil firms regarding the year-ahead outlook for activity
