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Mostafa Madbouly

No tax increases planned, new incentives to boost investments | PM

In a recent meeting with the heads of specialized committees in parliament, Madbouly emphasized the government’s commitment to continuing economic reform efforts, acknowledging that it is challenging

Cabinet approves climate-smart agribusiness grant & golden licenses for major industrial ventures

During the Cabinet's weekly meeting, the government also approved the issuance of a golden license to MAFI Agricultural Produce Industries for its agri-food industrial venture in Sadat City.

Egypt to announce updated privatization plan by end of November

Prime Minister Mostafa Madbouly announced that the Minister of Investment will share an updated plan for the program by the end of the month.

No new policies will add financial strain on Egyptians | PM

During the press conference, Madbouly noted that Egypt’s external and total debt decreased by 89%.

Intro Group signs land use agreement for $450M Kemet Data Center in SCZone

This facility, with an investment of $450 million, aims to provide cloud solutions, IoT services, and digital transformation support.