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Finance Minister unveils new trade facilitation packages
Egyptian Finance Minister Ahmed Kjouk confirmed that the government plans to implement new packages of tax and customs easing measures to boost investor confidence, with the goal of expanding the productive and export sectors and creating more employment opportunities. He added that the Egyptian economy is on a path of improvement and steady growth, supported by initiatives to encourage both domestic and international investments, which constitute 65% of total investments and have driven growth to 5.1%. He clarified that Egypt has achieved a primary surplus of 4.9% of GDP, reduced the overall deficit to 5.8%, and aims to decrease the debt to approximately 70% over the next three years, with the country's investment risk rating falling to its lowest level since 2014.
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