This decision came within the framework of ensuring the interests of workers, especially with the recent developments and economic changes internally and externally, El-Said added.
Egypt's National Wages Council (NWC) announced raising the minimum wage for private sector workers to EGP 6,000 as of May 2024, during a meeting headed by Minister of Planning, Hala El-Said.
This decision came within the framework of ensuring the interests of workers, especially with the recent developments and economic changes internally and externally, El-Said added.
The Minister examined the progression of the minimum wage for employees in the private sector. It initially reached EGP 2,400 in January 2022, then increased to EGP 2,700 in January 2023.
In July 2023, it was further raised to EGP 3,000. Finally, reaching 3,500 pounds last January.
The wage has now reached EGP 6,000, encompassing all wage components, including the employer's contribution to the insurance subscription.
It is worth noting that Micro-enterprises with fewer than 10 workers will be excluded from this decision.
This decision came in line with the directives of President Abdel Fattah El-Sisi for more care, protection, and support for workers, Minister of Labor, Hassan Shehata said.
Earlier in February, President El-Sisi raised Egypt's minimum wage by 50% to EGP 6,000, to alleviate the cost-of-living pressures on citizens.
The Egyptian president also directed the implementation of a social protection package, worth EGP 180 billion, effective March 2024.
The presidential decision also stipulates raising all salaries for government employees by a minimum of EGP 1,000 to EGP 1,200.
