Finance Ministry, AWIU partner to enhance Arab-African investments

The Minister of Finance, Mohamed Maait, and the President of the Arab Women Investors Union (AWIU), Hoda Yassa, have signed a protocol with the aim of enhancing collaboration between Arab and African investors.

Egypt, under this agreement, will actively encourage investors to establish joint projects in sectors that are of national importance.

The protocol is part of the government's commitment to foster effective communication with investors and motivate them to expand their productive activities within Egypt.

Maait emphasized the Ministry of Finance's support for AWIU's initiatives in empowering Arab women and achieving comprehensive and sustainable development, both economically and socially.

Furthermore, Maait highlighted the favorable investment climate in Egypt, with investors benefiting from various incentives provided by the government. These incentives include the state ownership policy document, the government's initial public offering (IPO) Program, and the golden license.

In a recent report by the cabinet's Information and Decision Support Center (IDSC), it was revealed that Egypt aims to generate EGP 70 billion through its IPO program in the fiscal year 2023/2024.

 The IDSC also published a comprehensive booklet addressing key questions about investment in Egypt, emphasizing the range of benefits available to projects granted the golden license. Notably, investors in specific sectors can enjoy deductions of 30% to 50% on their investment costs.