Egypt Announces Launching of New Export Subsidy Program in January 2025

Mostafa Madbouly, Prime Minister, confirmed that the final draft of the Export Subsidy Program has been completed and is set to be implemented starting July 1st for a duration of three years.

During a press conference following the government’s weekly meeting, the Prime Minister explained that the program is designed to strengthen the industrial sector and progressively increase the proportion of local content each year.

He  also highlighted that the government is working toward export targets extending until 2030, with consultations set to take place with exporters after Eid al-Fitr to finalize the law.

Additionally, the Prime Minister mentioned that meetings were held with advisory committees focused on export development, particularly in three key sectors: textile and apparel, industrial crops, and pharmaceuticals. The committees agreed on actionable steps to boost exports in these sectors to $34 billion within five years, up from the current $14 billion annually.