Arab Republic of Egypt Ministry of Investment and Foreign Trade General Organization for Export and Import Control

Eng. Hassan Al Khatib, Minister of Investment and Foreign Trade, held an expanded meeting with the heads and members of the Export Councils to discuss the axes of the new program to refund export burdens, in the presence of Dr. Osama El Gohary, the Prime Minister's Assistant and Chief of Information and Decision Support Center, Mr. Ahmed El Wakil, Head of the Federation of Chambers of Commerce, Eng. Mohamed El Sewedy, Head of Federation of Industries, Major General Essam El Naggar, Chairman of the General Organization for Export and Import Control, and Dr. Amani El Wasal, Chief Executive Officer of the Export Development Fund.

The Minister said that the new program to rebate export burdens aims to support the national industry and increase Egyptian exports to various global markets, indicating that the new program’s axes include achieving the State’s targets for increasing exports until 2030.

Al Khatib explained that Egyptian exports reached $40 billion in 2024 for the first time, referring that the state's orientations aim to reach $145 billion in exports by 2030.

The Minister directed various export councils to determine the unexploited production capacities in each industrial sector separately for getting the benefit, as well as defining the required investments in various sectors in a way that contributes to achieving the state’s targets through increasing export rates, indicating that the state continues in implementing government initiatives to provide soft financing programs for various production sectors, including the industrial sector. 

Al-Khatib denoted that during the coming period, all studies previously adopted by the state for increasing Egyptian exports to foreign markets, will be collected and undertaken in the new program to reimburse the burdens, noting that the axes of the new program will include a part of the existing standards and adding new axes, taking into consideration increasing the local component in industry and localizing technology.

The Minister noted that the status of the industry, at the global level, will also be studied for increasing the competitiveness of the Egyptian industry, showing that the current stage provides distinctive opportunities to attract more global investments to the Egyptian market, particularly in light of the current global trends related to transferring industries to investment destinations that enjoy competitive advantages, since the Egyptian market enjoys great investment factors that include the availability of qualified labors, competitive wages, and a distinguished geographical location, in addition to the relative decrease in energy prices.

Al Khatib demonstrated "ministries and concerned authorities are currently implementing more reforms for reducing the burdens on investors, indicating that increasing the existence of Egyptian exports in the African market requires activating programs to support export risks and establishing Egyptian logistics centers in major African cities and capitals, which is currently being studied".