Minister of Finance Ahmed Kouchouk announced that the government will launch the second package of tax facilitation measures in November 2025, building on progress achieved in strengthening the “partnership and certainty” framework with investors. He noted that the government implemented 20 tax reforms last year, which helped streamline procedures, expand available facilities and reinforce investor confidence.
Speaking at a roundtable hosted by the American Chamber of Commerce in Cairo, Kouchouk said the ministry intends to conduct an objective assessment of the first facilitation package to evaluate its performance and identify areas requiring further development. He added that customs clearance times and associated costs were reduced over the past year thanks to enhanced coordination with the Ministry of Investment and Foreign Trade.
The Minister pointed out that debt-for-investment swaps, along with diversified financing sources and instruments, are helping drive growth while easing the burden of public debt. He also highlighted that the government’s new export rebate programme is stimulating productive sectors and supporting the expansion of Egyptian exports into global markets.
Kouchouk further revealed that the government has launched an initiative worth EGP 120bn to support the industrial sector and another worth EGP 50bn to boost tourism. He stressed that Egypt remains committed to strengthening its industrial base, with the objective of positioning the country as a regional hub for production, export and investment by attracting major local and international companies.
The Minister said most economic indicators have shown significant improvement, noting that private investment grew by 73% last year. This, he added, reflects the government’s confidence in the private sector’s ability to lead growth and development, describing it as “a well-placed bet.”
During the session, Jack Uppal, President and Managing Director of General Motors Africa and the Middle East, praised Egypt’s bold and forward-looking vision for the future of mobility, saying it aligns closely with GM’s innovation strategy across the region.
He said: “Through our distinguished partnership with the American Chamber of Commerce in Egypt, we are proud to participate in this important roundtable aimed at empowering the automotive sector to accelerate progress and shape its future transformation. At the regional level, Egypt is emerging as a strategic gateway for mobility and a promising hub for car manufacturing and export. General Motors takes pride in leading this transformation by leveraging its global expertise to foster innovation and achieve sustainable growth.”
Daniel Frakes, Vice President for Government Relations and Public Policy at General Motors, added: “I was delighted to participate in this important roundtable, which provided a valuable opportunity to exchange views with the Egyptian government, particularly the Minister of Finance. The discussions reflected a shared commitment to supporting sustainable industrial growth and creating an environment where investment, innovation and public-private collaboration can thrive. General Motors is proud to continue supporting Egypt’s vision of building a competitive automotive industry capable of expanding in regional and global markets.”
Omar Mehanna, Chairperson of the American Chamber of Commerce in Cairo, said that Minister Kouchouk offered strong messages of reassurance during the meeting, which was attended by senior General Motors executives and leading figures from Egypt’s private sector. He stressed that the Minister reaffirmed the government’s commitment to ongoing economic reforms and to improving the investment climate, which in turn strengthens the Chamber’s mission to support and advance Egyptian-American relations.
