Minister of Finance Mohamed Maait stated that the state is keen to support startups in various technological fields, such as finance, industry, and services. He made this statement during a meeting with representatives of “Cyberport,” the largest technology business hub in Hong Kong. Maait said that Egypt offers all incentives to encourage entrepreneurs, helping to create a digital economy that enables individuals, sectors, and companies to enhance productivity and maintain growth. He also explained that the digitization of the tax system has improved collection efficiency and integrated the informal economy into the formal economy. This helps to increase spending on developmental needs, which ultimately affects the lives of citizens and the services they receive.
