Hapi_ Ahmed Kouchouk, Minister of Finance, affirmed the existence of continuous coordination and integration with the Ministry of Investment and Foreign Trade, stating: "We stand firmly behind our colleagues.. and we will work together to develop the export system and incentivize the export sector," reinforcing the belief that fiscal policies play an influential role in enhancing the competitiveness of the Egyptian economy, diversifying the growth structure, and relying more heavily on production, manufacturing, and exporting.
Kouchouk stated, in an encouraging message to the exporting community, that within the framework of ongoing coordination with the Ministry of Investment and Foreign Trade, it has been decided to advance the disbursement of the third installment of the designated 50% cash portion, to commence today, Thursday, instead of October 22, 2026, noting that 2,054 exporting companies will begin receiving their dues today, with a total value of approximately EGP 8 billion.
Kouchouk: We are working to provide liquidity to stimulate the growth of commodity and service exports
He added that EGP 48 billion has been allocated in the current budget to expedite the provision of export support, emphasizing the commitment to providing cash liquidity to stimulate the growth of commodity and service exports and enhance their competitiveness.
He pointed out the ongoing cooperation with the Ministry of Investment and Foreign Trade to provide diverse programs to support exporters and open new markets for Egyptian products.
Neveen Mansour, Assistant Minister for Investment Affairs, affirmed the continuation of efforts to stimulate export competitiveness and make diligent efforts to provide support through various initiatives and mechanisms, noting that EGP 12.6 billion in cash was disbursed to about 2,500 exporting companies during the last fiscal year.
