Prime Minister, Mostafa Madbouly, said that coordination is being made with the Minister of Investments and Foreign Trade to announce a new package of facilitations to encourage and motivate new and existing investors to pump more investments into many sectors.

Madbouly added during the Cabinet’s meeting, that the new facilities will contribute to exploiting promising investment opportunities in Egypt, increasing growth rates, and raising the volume of Egyptian exports.

The Prime Minister pointed out the periodic follow-up with the Minister of Finance to reach the final version of the tax facilities package that was recently announced, and the mechanisms for its implementation.

He said that the detailed programs for the government work program are now being prepared by various ministries, to send these programs to Parliament.

He highlighted the importance of the industrial sector, emphasizing ongoing efforts to support and enhance it.

During a recent visit to pharmaceutical factories in the 6th of October City, he reiterated the focus on developing the Egyptian pharmaceutical industry to meet local market needs and reduce import costs.