Egypt to offer new investment incentives to encourage private sector: Finance Minister - News Summed Up

Egypt to offer new investment incentives to encourage private sector: Finance Minister


Mohamed Maait, Minister of Finance, stressed that the Egyptian government continues to promote development investments, which contributes to improving the standard of living of citizens and improving the services provided to them. This would happen by allowing the private sector to inject more investments to increase its contribution to 50% of Egypt’s GDP within three years from now, he added. Maait pointed out that the public-private partnership strategy includes new incentives that would reflect positively on the business environment in Egypt. This came during a meeting held between the Minister of Finance with Gareth Bayley, the British ambassador in Cairo, and some representatives of English companies. The overall deficit reached 6.1% of GDP, compared to a total deficit of 12.5% ​​at the end of June 2016,” he said.


Source: Daily News Egypt May 31, 2022 15:10 UTC



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