Egypt to unveil ‘revolutionary’ tax, investment measures in first half of Sept – PM

The Egyptian government is poised to announce a series of significant reforms aimed at stimulating investment and fostering economic growth. The Ministries of Finance and Investment are expected to unveil these “revolutionary” measures in the first half of September, Prime Minister Moustafa Madbouly told a press conference on Thursday.

The reforms will focus on overhauling the tax system, creating a more favourable investment climate, and streamlining procedures related to investment and foreign trade. These changes are designed to address the specific needs and requirements of the private sector and investors.

To demonstrate its commitment to supporting large-scale projects, the government has already issued over 31 golden licences since the beginning of 2024. These licences provide special privileges and incentives to eligible projects.

Attribution: The Egyptian Cabinet