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President Sisi's new economic policies to be implemented in FY2020/2021

FY2020/2021 state budget includes procedures that aim to improve the financial position of employees at state bodies.

Microfinancing seeks to provide capital needs for small farmers and the self-employed, home-based projects, day-to-day sellers and street vendors.

Egypt has 13 under-construction investment zones which are expected to create 208,000 new job opportunities and attract nearly EGP 78 billion.

The amendments allow expansions of existing investment projects to benefit from incentives provided to new ones.

Decree no. 23 of 2019 stipulates that the permission for travel abroad for official missions and activities must be approved by the president.

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