Business investment news egypt

Here are some recent business investment news from Egypt:

Investment Incentives

• Egypt's government has introduced new investment incentives to attract foreign investors, including a 10-year tax exemption for new projects, a 5-year exemption from customs duties, and a 5-year exemption from value-added tax (VAT). (Source: Egypt Today)
• The Egyptian government has also launched a new investment law that aims to simplify the investment process and reduce bureaucracy. The law provides for a one-stop-shop for investors to obtain all necessary permits and licenses. (Source: Daily News Egypt)

Infrastructure Development

• Egypt has launched a major infrastructure development project to upgrade its transportation network, including the construction of new roads, bridges, and tunnels. The project is expected to cost around $10 billion and will be funded by the government and private investors. (Source: Egypt Independent)
• The Egyptian government has also announced plans to develop a new industrial zone in the Suez Canal Economic Zone, which will be designed to attract foreign investment and create jobs. (Source: Daily News Egypt)

Energy and Mining

• Egypt has signed a deal with the United Arab Emirates to develop a new oil refinery in the Suez Canal Economic Zone. The refinery will have a capacity of 4 million barrels per day and will be operational by 2025. (Source: Egypt Today)
• The Egyptian government has also announced plans to develop its mining sector, with a focus on gold, copper, and iron ore. The government has signed deals with several international companies to explore and develop mining projects in the country. (Source: Daily News Egypt)

Tourism and Real Estate

• Egypt's tourism industry is expected to recover in 2023, with the government launching a new marketing campaign to attract more tourists to the country. The campaign will focus on promoting Egypt's cultural and historical heritage, as well as its beaches and resorts. (Source: Egypt Independent)
• The Egyptian real estate market is also expected to grow in 2023, with several new residential and commercial projects being launched in major cities such as Cairo and Alexandria. (Source: Daily News Egypt)

Other Investments

• Egypt has signed a deal with the European Union to develop its agricultural sector, with a focus on increasing food production and reducing imports. The deal will provide funding and technical assistance to Egyptian farmers and agricultural companies. (Source: Egypt Today)
• The Egyptian government has also announced plans to develop its technology sector, with a focus on startups and entrepreneurship. The government has launched several initiatives to support startups, including a new fund to provide funding and mentorship to young entrepreneurs. (Source: Daily News Egypt)

These are just a few examples of the many business investment news stories coming out of Egypt. The country is actively seeking to attract foreign investment and develop its economy, and there are many opportunities for investors to get involved in various sectors.