Cairo: Prime Minister Mostafa Madbouly announced that the International Monetary Fund (IMF) has begun its fifth and sixth reviews of Egypt's economic performance. During a press conference after the weekly government meeting, he shared that the IMF held discussions with several ministers to review progress and address key reforms.

According to State Information Service Egypt, Madbouly also revealed the government's intention to update the State Ownership Policy Document ahead of the previously set deadline, as part of ongoing efforts to enhance the management of state-owned assets.

The Prime Minister underscored the government's focus on improving the investment environment, citing recent efforts to make Egypt a more attractive destination for investors.

In another important development, Madbouly confirmed that President Abdel Fattah El-Sisi has approved the second package of tax incentives. This package is part of a broader reform plan, which includes a total of four tax incentive packages.

Madbouly also highlighted the success of the EDEX exhibition, which has gained significant recognition globally, solidifying Egypt's position in the defense and security sectors.

Additionally, he mentioned the mining sector's new incentives, aimed at encouraging global companies to invest in exploration and research in Egypt.

Finally, the Prime Minister shared ambitious plans to develop over 10,000 hotel rooms in the Pyramids area, further enhancing Egypt's tourism infrastructure.