Finance Minister Aims to Support Start-ups
Egyptian Finance Minister Ahmed Kagoutk confirmed that the state continues to support startups by offering incentives and facilitative measures to ensure their growth and export of their products, especially in light of the trend to reduce tax burdens and customs duties. Egypt has experienced an inspiring journey in entrepreneurship, with a focus on localizing technology and increasing competitiveness. He considered that startups are the main drivers for revitalizing economic activity. The inauguration of the Simplex company's factory in 10th of Ramadan was met with a strong response, with partners emphasizing that the factory is the fruit of a 13-year effort, aiming to expand manufacturing and export activities to strongly compete in global markets.
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