Cairo: Prime Minister Mostafa Madbouly announced on Sunday, November 9, 2025, that profit repatriation and foreign currency transfers abroad are entirely unrestricted, ensuring investors have the expected flexibility and freedom.
According to State Information Service Egypt, Madbouly made this statement at the Global Offshoring Summit 2025, organized by the Ministry of Communications and Information Technology. He emphasized that the event reflects the transformation of Egypt's communications and global services sectors and the resilience of the national economy and international confidence in it.
The summit coincided with the signing of several memoranda of understanding between the Information Technology Industry Development Agency (ITIDA) and 55 international and local firms, aiming to open new offices or expand operations in Egypt.
Madbouly explained that Egypt's economic vision is built on three pillars: macroeconomic stability, infrastructure readiness, and human capital development. He stressed that these priorities guide every reform and investment by the government. Despite global economic challenges, Egypt remains committed to stability, transparency, and confidence across the economy.
He highlighted that Egypt has implemented comprehensive structural reforms to streamline investment procedures, including digitizing tax and customs systems and simplifying licensing and land allocation. Fiscal discipline remains central to policy, ensuring that Egypt meets its obligations while balancing development and domestic investment needs.
The Supreme Council for Investment, chaired by President Abdel Fattah El Sisi, ensures flexibility and coherence across sectors, fostering a stable and predictable tax system that supports private-sector planning and growth.
Madbouly noted that Egypt's reform trajectory has been recognized by international institutions and credit rating agencies, maintaining confidence in the Egyptian economy. He emphasized that global confidence in Egypt's policies reinforces its status as a fast-growing market and an attractive destination for sustainable investment.
The prime minister outlined infrastructure development as a bridge between economic growth and human development. Over the past decade, Egypt has invested over $500 billion in roads, ports, airports, energy systems, logistics zones, and digital connectivity. The 'Decent Life' (Hayah Karima) initiative has expanded utilities, education, and healthcare services to over 60 million people in thousands of villages.
Egypt is also accelerating its shift toward renewable energy, including solar, wind, and green hydrogen, aligning with the UN Sustainable Development Goals. The country leads Africa in fixed internet speeds and ranks second for affordability, reflecting its commitment to building a 'Digital Egypt.'
Madbouly noted Egypt's position among the top three innovation ecosystems in the region and its advancement to Group A on the World Bank's Digital Government Maturity Index, providing a strong foundation for business growth and international connectivity.
He highlighted human capital as Egypt's third strategic pillar, with the country's young population as its greatest asset. The government is expanding technical and vocational training, language education, and digital skills programs to prepare citizens for global economic participation, particularly in ICT.
Reforms in the education system integrate artificial intelligence and digital freelancing into curricula, and about one million tablets are distributed annually to high school students to support digital learning.
Madbouly encouraged partnerships between global technology providers and Egyptian universities to align training with industry needs, emphasizing ICT as a cornerstone of Egypt's economic diversification agenda.
He personally monitors ICT sector developments, having visited over 10 global service centers in Egypt over the past 18 months, confirming the sector's success and global confidence in operating from Egypt.
Madbouly concluded by reaffirming Egypt's commitment to further ICT infrastructure investment and policy reforms, emphasizing that Egypt is ready to support global success and innovation.