Cairo: Finance Minister Ahmed Kouchouk announced a plan to finance economic support initiatives targeting industrial and export activities starting in July. The initiative is part of a broader strategy to strengthen the Egyptian economy.

According to State Information Service Egypt, EGP 78 billion has been allocated in the new budget to incentivize the private sector to increase production and exports. This move aims to enhance the competitiveness of Egypt’s economy on a global scale.

The minister revealed that 45 billion Egyptian Pounds are specifically set aside to support the export sector beginning in July. This allocation is intended to ensure that exporters receive their dues without delay. The plan includes a program to stimulate export burden refunds, which is a key component of the government’s integrated vision for economic growth.