Egypt aims to cut investment costs, boost growth

Egypt’s Minister of Finance Ahmed Kouchouk highlighted the government’s commitment to reducing burdens and costs for investors to boost productivity and stimulate economic growth, according to a statement from the Ministry of Finance.

In partnership with the Ministry of Investment, they are working to reduce fees, streamline procedures, and unify collection agencies, all with the aim of enhancing private sector activity and fostering economic growth.

Kouchouk highlighted the necessity of focusing priorities and objectives on human and social development to elevate citizens’ living standards. He stressed the commitment to an ambitious strategy focused on improving all debt indicators, reducing external debt levels, and easing debt burdens.

Attribution: Ministry of Finance

Subediting: M. S. Salama