The Finance Minister spoke at the fourth annual “Food Egypt”
conference, organized by the Food Industries Chamber and chaired by Ashraf
El-Gazayerli, under the theme “Competitive Industry… A Sustainable Future.”
Kouchouk highlighted the strong growth of the industrial sector, which is
driving Egypt’s economic growth indicators. He added that government efforts to
stimulate industrial activity and investment are reflected in the published
economic figures.
Kouchouk explained that the new budget will provide further
support for industrial and export sectors through initiatives that link
incentives to performance. He noted that developments at the Food Africa
exhibition reassured and encouraged continued support for partnerships with
companies in the food industry sector.
The Finance Minister confirmed that Egypt has achieved
economic stability, which the government aims to maintain to attract further
investment flows. Kouchouk emphasized that tax incentives are designed to
simplify procedures and reduce burdens on the business community within a
framework of trust, partnership, and certainty.
He added that the government will continue its successful
approach with the tax community by addressing more challenges raised by
long-standing partners. Kouchouk stressed that measures aim to reduce burdens
and obligations on partners, enabling greater capacity for expansion,
competition, and growth.
The Finance Minister noted that similar approaches will be
applied to property tax, focusing on simplifying procedures and easing burdens.
Kouchouk said that, together with the Minister of Investment, all measures
under the customs incentive package will be announced in the coming days to
facilitate and boost foreign trade.
Kouchouk concluded that meetings and discussions with a
large number of investment partners across various sectors confirm that the
economic ministerial group and the government are working as a unified team to
stimulate all productive sectors and private investment.