Sisi boosts startups with 5-year tax exemption

Egypt’s President Abdel Fattah al-Sisi confirmed that startups be exempt from taxes for five years, stressing the provision of assistance any startup company, this came on the sidelines of his visit to Burj Al Arab Technological University on Wednesday.

The Egyptian government spends between $24 and $30 billion annually to bring production supplies for about 150 products as the government already has feasibility studies for these products to be operated directly by companies in the market.