Egypt’s Prime Minister Mostafa Madbouly has stressed the importance of the Export Reimbursement Programme in driving Egypt’s economic growth, highlighting plans to offer unprecedented incentives for localising industries and streamlining payment procedures for exporters. This move aims to localize these industries and ultimately reduce Egypt’s reliance on imports. The meeting reviewed the progress of the Export Reimbursement Program from 1 July 2023, to 29 February 2024. The meeting also reviewed the progress of automating the Export Reimbursement Programme. The first phase of automation, launched on 15 August 2024, includes registering exporting companies and electronically submitting support disbursement requests.

Source: Daily News Egypt October 20, 2024 18:01 UTC