Investment Tops Agenda

Egyptian Finance Minister Ahmed Kouchouk said that stimulating investment across various sectors is a priority, as part of a partnership with the business community. He noted that the private sector accounts for 65% of investment. He said fiscal policies combine discipline and stability with encouragement of economic activity, and that tax incentives and broadening the tax base without changing tax rates had supported revenue growth over the past two years. The ministry will continue to simplify services, including the rollout of the real estate tax system, he added. The head of the Private Equity and Venture Capital Association called for stronger communication with the government and incentives for real estate and pension funds.

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