Madbouly made these remarks during his chairmanship of the weekly government meeting held on Wednesday at its headquarters in the New Administrative Capital. His comments followed a recent meeting attended and convened by President El-Sisi, aimed at monitoring the government's efforts to create a favourable business environment and attract more local and foreign investments.
Madbouly stated that the President was briefed during this
meeting on the procedural burdens faced by investors and the proposed plan to
alleviate these burdens. He pointed out the President's directive to replace
the various fees levied by different entities and bodies with a unified
additional tax on net profit.
In the same context, the Prime Minister indicated that the
government continues to take measures to preserve the gains achieved by the
Egyptian economy in the past period and to achieve economic stability,
particularly in light of the unprecedented challenges facing the entire world
and Egypt. He also emphasized the effort to minimize the repercussions of these
challenges on the national economy.
On the local front, Dr. Moustafa Madbouly highlighted the field tour he conducted earlier this week to several factories in the 10th of Ramadan City. He emphasized his keenness to undertake such tours to assess the challenges facing investors on the ground, in order to study them and make decisions that will overcome these challenges. This aims to provide a more flexible and attractive investment climate for investors to inject their investments into Egypt and expand existing investments, which will strengthen the national economy in its various sectors.