CAIRO – 13 February 2025: In a press conference, Prime Minister Mostafa Madbouly announced that the government is finalizing a new social protection package, which will be presented to President Abdel Fattah El-Sisi for approval before Ramadan.
He also confirmed an increase in wages and salaries in the upcoming fiscal year.
Additionally, he noted that Egypt’s inflation rates continue to decline, with a significant drop expected in February.
Comprehensive Customs Reform Underway
Madbouly revealed that the government is evaluating 29 measures to reform the customs system, aiming to improve efficiency and reduce clearance times.
Minister of Investment and Foreign Trade, Hassan El-Khatib, reinforced this by stating that Egypt is working towards achieving a two-day customs clearance process.
To achieve this goal, the government has launched initiatives to strengthen the presence of key entities across all centers, expand logistical hubs, implement white lists, and streamline inspections through unified committees.
Additionally, Minister of Finance Ahmed Kouchouk announced plans to issue a multilingual procedural guide to support the modernization of customs services, upgrade the hotline service, implement a risk management system for exports, and establish customs warehouses to optimize trade operations.
Developments in the Gas and Energy Sector
The Prime Minister highlighted that the government is closely monitoring the Zohr gas field to restore normal production rates.
He also stated that officials from Eni, the Italian energy company, anticipate new gas discoveries in Egypt within the next two years, reinforcing the country’s position in the global energy sector.
Boosting Investment and Job Creation
Madbouly emphasized that Egypt continues to establish itself as a regional hub for outsourcing and information technology.
Currently, 180 international companies operate in the sector, providing significant job opportunities for Egyptians and driving economic growth.
Through these initiatives, the Egyptian government remains focused on strengthening the economy, enhancing trade operations, and fostering sustainable development.
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