In parallel, Finance Minister Ahmed Kouchouk announced that public sector wages will rise starting July 1, at a total cost of EGP 100 billion.
President Abdel Fattah El-Sisi issued Republican Decree No. 303 of 2025, granting the Ministry of Finance rights to approximately 41,515.55 feddans (equivalent to 174,399,900 square meters) of state-owned land in Ras Shukeir.
Egypt accelerates customs reforms to lower costs, speed up clearance, and attract investment, says Finance Minister Kouchouk.
These measures will improve the competitiveness of African economies and attract investment opportunities.
The most prominent of these is the increase in foreign direct investment inflows during the first quarter of the current fiscal year.
