Wednesday, 27 May 2026
Egypt highlights 73% surge in private investments
Egyptian Finance Minister Ahmed Kouchouk emphasized the strong confidence of investors and the private sector, citing a 73% increase in private investments during the previous fiscal year, which translated into billions of additional funds injected into future-oriented projects.
Speaking at the fourth annual "Food Egypt" conference, organized by the Food Industries Chamber under the leadership of Ashraf El-Gizawli and themed "Competitive Industry... Sustainable Future," Kouchouk highlighted the robust growth of the industrial sector, which is now driving Egypt's key economic growth indicators. He attributed this progress to the state's efforts in stimulating industrial activities and attracting investments, as reflected in recently announced economic figures.
The minister revealed that the new budget will provide further support to industry and export sectors through innovative initiatives and incentives linked directly to performance. "What I saw at the Food Africa exhibition reassures and encourages us to deepen our partnership with food industry companies," Kouchouk stated.
He reaffirmed Egypt's success in achieving economic stability, vowing to maintain it to attract more investment inflows. Kouchouk explained that tax facilitations aim to simplify procedures, reduce burdens on the business community, and foster an environment of trust, partnership, and certainty.
The minister added that the government will build on its successful experience with the tax community by addressing additional challenges raised by stakeholders. "We want to ease burdens and obligations on our partners, enabling them greater capacity for expansion, competition, and growth," he said.
Kouchouk also announced ongoing efforts to introduce facilitations in property taxes following the same approach of simplification and burden reduction. He noted that, in the coming days, alongside the Minister of Investment, details of a comprehensive package of customs facilitations will be unveiled to streamline processes and boost foreign trade.
Expressing satisfaction with repeated engagements and dialogues with investors across various sectors, Kouchouk reiterated that the economic ministerial group and the government are operating as a unified team. "We will exert even more effort to stimulate all productive sectors and private investment," he concluded.