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Egypt implements 7 consecutive minimum wage raises in 4 years

The budget allocation for wages and workers' compensation saw a significant rise in the fiscal year 2023/2024, reaching approximately LE 470 billion.

In the FY 2023/2024 plan, Egypt boosted its social support and protection programs by allocating LE 529.7 billion.

CAPMAS revealed that 7,973 foreigners were issued work permits for the first time in 2023, accounting for 45.9% of the total.

The Ministry of Commerce explained earlier that this decision aims to replace tuk-tuks with a safe means of transportation.

The main focus of this collaborative effort includes the provision of components for railway vehicles and the manufacturing of freight cars.

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