Wed 10/Sep/2025 – 01:36 PM
Ahmed Zaki, Secretary -General of the Exporters Division of the General Federation of Chambers of Commerce, stressed that the demands of investors with a new initiative to finance the capital of corporate money at a rate of 15%, and another to support the drug sector at a benefit of less than 15% will be a major factor in enhancing the competitiveness of Egyptian factories in global markets, in addition to their contribution to achieving the ambitious government goals to raise the volume of exports and develop the national economy.
Exporting Division: The new 15% initiative enhances the competitiveness of Egyptian factories in global markets
Zaki explained in a press statement to him today, that this initiative must strengthen the government’s plan in the next stage to reach Egyptian exports to 60 billion dollars annually within 3 years, by stimulating the investments directed to export, noting that enabling the private sector and increasing its participation in various projects is a priority in economic reform plans and development programs, which the government confirmed in the state royal document.
He stressed that there is flexibility in directing support to open new markets and enhance the competitiveness of Egyptian products in some countries that have intense competition, explaining that this works to increase exports.
He stressed the necessity of expanding the initiative for the benefit of the largest number of factories, provided that this is used to buy production requirements and machines, and in the event of success of that initiative, the industry’s contribution to the local product can increase from 17% to a percentage of no less than 30%.
A number of export councils demanded the cabinet during a broad meeting last Sunday, as well as the demand to include some industrial sectors for the initiative to finance the priority industrial sectors, which includes only 7 industrial sectors.
Zaki stressed the necessity of developing a government plan to strengthen the industrial base, as it is an essential engine for economic growth, reducing dependence on imports, and increasing industrial exports in line with Egypt’s 2030 vision for sustainable development.
Investors called on the Council of Ministers to a new initiative to finance the capital of companies, given that the initiative in force now is limited to financing production lines and expansion, while some have suggested launching a special initiative for the drug sector at a benefit of less than 15% to support the sector companies, without specifying a specific percentage.
