Kouchouk added that the new budget includes EGP 45 billion to support the export sector starting this July. This funding aims to prevent delays in payments to exporters through an incentive program for export burden refunds, part of their integrated vision for boosting economic growth.
He also noted that EGP 8.4 billion in the new budget is
allocated to support tourism investment and increase hotel room capacity.
Additionally, EGP 29.6 billion has been earmarked to support industrial
production, a 69% increase compared to the current fiscal year's budget, to
encourage localization and deepening of industry.
Additionally, Kouchouk explained that the new budget allocates EGP 5 billion to boost production in priority industries. Another EGP 5 billion is set aside for cash incentives to fund initiatives for small, medium, and micro-enterprises. The automotive industry, including its supplies and components in Egypt, will receive EGP 3 billion in support, with an additional EGP 3 billion dedicated to initiatives promoting the transition to more efficient and less costly energy sources.