Egypt’s Prime Minister Announces Comprehensive Tax and Real Estate Incentives for New Fiscal Year

Dr. Mostafa Madbouly, Egypt’s Prime Minister, announced today that the upcoming fiscal year will feature a comprehensive package of tax and real estate incentives.

During a press conference following a government meeting, Madbouly also condemned the recent attacks on Kuwait and Bahrain in the strongest terms.

He highlighted a significant increase in the health budget by 30% and an allocation of 20% for education in the new fiscal year.

Furthermore, he noted that the rise in remittances from Egyptians abroad reflects confidence in the resilience of the Egyptian economy.