Egypt doubles export rebate allocations – PM

Egypt has doubled allocations for its export subsidy rebate programme this year as part of efforts to stimulate investment and increase shipments, Prime Minister Moustafa Madbouly said on Sunday.

Speaking at a meeting with export council leaders and officials, Madbouly said the government had consulted extensively with exporters in designing the new programme, which has already been launched and is under close review. He reiterated Egypt’s goal of doubling exports through targeted incentives and facilitation measures.

The prime minister highlighted steps to ease customs clearance and expand incentives, saying the government was confident of meeting its export targets. Export council representatives noted recent growth in shipments and presented proposals to expand into new sectors, while also flagging challenges under discussion with relevant authorities.

Finance Minister Ahmed Kouchouk said 19.3 billion Egyptian pounds had been disbursed under the rebate scheme during the 2024/25 and 2025/26 fiscal years, with a further 3 billion pounds in the pipeline. He also outlined mechanisms to settle overdue payments owed to exporters.

Investment and Foreign Trade Minister Hassan El-Khatib said new facilitation measures were being rolled out, including faster customs clearance and the adoption of electronic bills of lading, adding that exporter feedback would continue to shape policy.

Madbouly stressed that doubling exports remains a strategic priority for Egypt’s economy and called for regular progress reports on the rebate programme’s implementation.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser