Cairo:Prime Minister Moustafa Madbouly announced that the government has commenced the implementation of the recommendations of the Egypt Forum 2026 across various sectors, adhering to the directives of President Abdel Fattah El Sisi. The announcement was made during a meeting held to discuss mechanisms for executing the forum's recommendations regarding investment, industrial competitiveness, and sustainable employment.
According to State Information Service Egypt, the meeting included key figures such as Minister of Investment and Foreign Trade Mohamed Farid Saleh, Minister of Labour Hassan Raddad, and Minister of Industry Khaled Hashem, among others. Discussions focused on the responsibilities assigned to the Investment Ministry, particularly the acceleration of a platform for economic entities and the integration of relevant government bodies.
The Ministry of Investment outlined several projects, including the re-engineering of licensing procedures and the development of the Economic Entities Platform. These projects are part of a broader cooperation protocol signed with the Ministry of Communications and Information Technology and the General Authority for Investment and Free Zones. The protocol aims to streamline processes and enhance economic collaboration.
Furthermore, the Minister of Industry presented plans to introduce an incentive package for the industrial sector and a financing initiative for young manufacturers, in collaboration with the Tahya Misr Fund. These initiatives aim to create employment and improve living standards by expanding the industrial base.
The meeting also covered a timeline for updating the export rebate program and expanding export support. The Minister of Industry detailed a program to deepen local manufacturing, offering incentives linked to increasing local content in industrial products. This program is scheduled to run from 2027 to 2030.
Additionally, the meeting addressed the establishment of a platform to support financially distressed factories, with an aim to revive 60% of such factories by 2028. The "Productive Village" initiative was also reviewed, targeting the establishment of 1,000 projects in Egyptian villages by 2030, focusing on local economic development and employment.
The Chairman of the Suez Canal Economic Zone General Authority highlighted efforts to increase the number of companies in the zone and maximize incentives for small and medium-sized enterprises. Meanwhile, the Minister of Labour emphasized expanding vocational training and employment generation, with a focus on partnerships with the private sector and opportunities for women.