Egypt’s private investments surge 73% as government moves to ease tax burden: FinMin

Egypt’s private sector investments jumped 73 per cent last year, underscoring the sector’s resilience and growing role in economic activity, Finance Minister Ahmed Kouchouk said on Monday.

Speaking at a conference hosted by the Engineering Export Council of Egypt (EECE) in cooperation with the investment and foreign trade ministry, Kouchouk said the private sector has remained a key driver of growth despite economic headwinds.

He said the government is stepping up efforts to ease tax burdens and streamline procedures, with a second package of tax facilities set to launch by the end of October and open for public consultation in November.

Kouchouk also announced the rollout of a central electronic platform to facilitate the settlement of government dues and debts owed to investors. In parallel, the VAT refund system is being overhauled to speed up repayments, with the ministry having already disbursed around 7 billion Egyptian pounds — three times the annual average of previous years.

The minister reaffirmed that these measures form part of a broader strategy to improve the business climate, enhance competitiveness, and strengthen fiscal transparency, while deepening collaboration between the public and private sectors.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser