Egypt is preparing to launch a new package of incentives and policies aimed at increasing investment in several targeted sectors.

Egypt’s Minister of Finance Ahmed Kouchouk announced the second package of tax incentives, saying it forms part of a wider plan to ease procedures for the taxpaying community.

The Egyptian cabinet approved a draft resolution establishing a new incentive aimed at encouraging the construction, development, and operation of hotel establishments within the jurisdiction of local administrative units, in an effort to expand hotel capacity and support activity in the sector, as per a statement issued on December 3rd.

Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir held an expanded meeting with cement manufacturers to discuss production developments, recent price declines, and mechanisms to increase capacity and restart idle production lines, as per a statement.

The government has decided to offer significant incentives to investors to locally produce over 150 commodities of which imports exceed $25 billion annually, Prime Minister Mostafa Madbouly said in a press conference.

The Suez Canal Authority (SCA) has issued an array of facilitations and incentives for the canal transiting yachts under a new navigation circular to promote yacht marine tourism in the Red Sea region.

Egypt aims to achieve foreign direct investments exceeding $20 billion and an export volume of more than $140 billion by 2030, Prime Minister Mostafa Madbouly announced during a press conference on September 25th.

The Egyptian government has launched a comprehensive tax facilitation package to improve the relationship between the Egyptian Tax Authority (ETA) and the business community, per a statement on September 12th.

The Egyptian Minister of Finance Ahmed Kouchouk has outlined three main financial policy priorities for the near future, aimed at boosting economic stability for citizens and investors.

Egypt has sealed hedging contracts for a substantial volume of imported petroleum products, Prime Minister Moustafa Madbouly said in a press conference.

The Egyptian cabinet has approved the final terms and implementation mechanisms for a new initiative to support the tourism sector, funded by the Ministry of Finance, as per a statement.

The government will provide incentives to investors interested in investing in tourism projects in Egypt and completing their construction before June 2026.

The Energy and Environment Committee of the Egyptian House of Representatives has approved a draft law submitted by the government on incentives for green hydrogen projects and its derivatives.

The Egyptian Minister of Finance Mohamed Maait has announced several financial incentives and benefits to support the industrial sectors with top strategic priorities.

The Egyptian government is aiming for a unified stable dollar exchange rate in the short term, Prime Minister Mostafa Madbouly stated.

Egypt is on the course to meet its target of luring 15 million tourists in 2023 despite the repercussions of the Hamas-Israel war, Minister of Tourism Ahmed Issa said.

Egyptian Prime Minister Mostafa Madbouly announced that Egypt is ready to offer a package of incentives to promote the localization of the automotive industry in the country.

Egyptian President Abdel Fattah El-Sisi has directed the government to issue a package of incentives to support the local strategic industrial projects.

Egyptian Minister of Finance Mohamed Maait announced an incentive for green hydrogen production ranging between 55% and 33% of tax dues.