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Moubarak on Mustafa Group Investment Taxes

Moubarak on Mustafa Group Investment Taxes

A report has revealed an agreement between the Egyptian government and Talaat Mostafa Group to develop and build four investment projects with a total value of up to 11 trillion Egyptian pounds during the implementation period. These projects aim to achieve sustainable returns for the state and include the development of areas such as North Madinaty, Alexandria, and Abu Qir Port, as well as creating approximately six million job opportunities. The government also emphasizes the importance of partnerships with the private sector to maximize the utilization of assets, expecting tax revenues to reach 2.4 trillion pounds. This initiative supports efforts for economic development and major national projects, such as upgrading informal settlements and expanding social housing.

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