The incentives are expected to boost industrialization, reduce imports, and increase exports. He added that the incentives would enhance the competitiveness of manufacturers and help them localize and deepen local industry. Zidan urged the government to issue decisions related to export support through export incentives, especially since some countries offer up to 27% in export subsidies. He also called for restructuring export incentives and studying the inclusion of old and existing factories in the tax incentive package. He noted: “Working within the framework of a clear vision to support industry and increase exports would boost exports achieving unprecedented numbers.

Source: Daily News Egypt August 29, 2023 06:36 UTC