Prime Minister Emphasizes Investment Climate Improvement to Boost Exports

Dr. Mostafa Madbouly, the Prime Minister of Egypt, has stated that enhancing the investment climate is a top priority for the state as part of its ongoing economic reform efforts. He highlighted that the government is focused on addressing longstanding issues in various sectors that have not been adequately tackled over the years.

During the launch of the Foreign Trade Information Portal, Madbouly emphasized the importance of ensuring that reforms and decisions are implemented effectively at all levels, stressing that sustainability in execution should not be tied to specific individuals or timeframes. This, he noted, is one of the key measures of success for the government’s policy implementation.

The Prime Minister outlined that the initiatives and measures being introduced are part of a comprehensive system of institutional, legislative, regulatory, and logistical reforms aimed at supporting business environments and improving investment conditions to empower exporters and manufacturers.

He also mentioned that significant advancements have been made in developing infrastructure over recent years, including the establishment of an advanced network of roads, ports, and energy grids, which supports the industrial sector and enhances Egyptian products’ access to international markets.

Regarding legislative reforms, Madbouly explained that the government is working on enhancing export support systems and increasing their allocations. Additionally, proposed amendments to several laws will be submitted to Parliament, which include tax and customs facilitation measures as well as improvements to the investment climate. These amendments are expected to be approved before June 30.

He confirmed that these changes follow extensive dialogue sessions with the business community and exporters, emphasizing a participatory approach aimed at gathering diverse opinions before formulating economic policies.

The primary goal of these reforms is to improve the investment environment and increase Egyptian exports to approximately $100 billion by 2030. This effort aims to achieve trade balance and bolster the national economy’s ability to withstand external challenges and shocks.