(4 minutes read)
• Egyptian Finance Minister Mohamed Maait reaffirmed the commitment of his government to support the industrial sector to stimulate investments both from within and abroad
• Maait disclosed that a permanent joint committee grouping of officials from the Finance Ministry, the EFIA and the FEI will be convened periodically to discuss all challenges facing the investors and take immediate decisions to remove them in a way that helps create an investment-friendly environment
Egyptian Finance Minister Mohamed Maait reaffirmed the commitment of his government to support the industrial sector to stimulate investments both from within and abroad.
Maait made the remarks at an open discussion with the representatives of the Egyptian Federation of Investors Associations (EFIA), Federation Of Egyptian Industries (FEI) and the Egyptian Businessmen Association (EBA) held yesterday.
Maait disclosed that a permanent joint committee grouping of officials from the Finance Ministry, the EFIA and the FEI will be convened periodically to discuss all challenges facing the investors and take immediate decisions to remove them in a way that helps create an investment-friendly environment. Investors will have the opportunity to air their challenges and suggestions thereof at this dialogue.
The minister also referred to a law authorizing the prime minister to provide tax exemption for several sectors. Already, several steps were taken including waiving of the property tax for the tourist establishments.
In the meantime, the Egyptian ministry of Agriculture and Land Reclamation of Egypt revealed that its agricultural exports increased to more than 4.4 million tons from January 1 to October 21 this year. Exports included about 1.398 million tons of citruses, 678,064 tons of potatoes, 353,000 tons of onions and 138,781 tons of grapes.
