The Madbouly cabinet approved a raft of new decisions during its weekly meeting yesterday, including new legislation, new projects, and two new golden license issuances.

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#1- Redrafted Labor Act receives cabinet approval: The Madbouly government approved the redrafted Labor Act. The 267-article bill underwent several rounds of discussions with workers and businessmen over the last year, Labor Minister Mohamed Gobran said last month, adding that he hopes to see the new Labor Act last for more than 30 years. The redrafted act received provisional approval from the House’s Manpower Committee last month.

What’s next? The redrafted bill will be referred back to the House of Representatives for a final discussion and vote, Gobran said at the time.

Remember: The government pulled the bill from the House last year after the legislation received backlash from the business community, many of whom claimed that the original version’s terms were lopsided in favor of workers. The new law will include provisions that protect and support irregular workers — who currently make up between 60-80% of Egypt’s total workforce.

#2- Green agribusiness skills development project gets approval: The cabinet approved a presidential decree on a USD 7.1 mn (CAD 9.9 mn) grant agreement for the Egypt Green Skills for the Climate-smart Agribusiness Network Program (EGYCAN) project between the Egyptian and Canadian governments. The project looks to develop employment opportunities in the agribusiness sector by improving climate-smart programs and industry-related skills in the governorates of Beheira, Gharbiya, and Menoufia, and is set to directly benefit over 24k students over its five-year implementation period.

#3- MAFI granted a golden license: Cabinet approved granting MAFI Agricultural Produce Industries a golden license for its agri-food industrial project in Sadat City. The project, which is expected to begin operations in March 2026 and will see investments of just over USD 180 mn, is expected to produce USD 200 mn worth of agri-food products annually during its first phase, and double that when its second phase is up and running, all of which will be exported.

#4- And another one for Coficab: Cabinet also approved granting the Tunisian automotive cable manufacturer Coficab the golden license for its up to USD 88 mn automotive cable and electrical factory in Tenth of Ramadan City. The project is scheduled for completion by the end of June 2025, according to the statement, with the plant set to span some 30k sqm in the Tenth of Ramadan industrial zone and create 267 jobs. The factory is expected to earmark 100% of its output — made using 60% locally-sourced materials — to exports to global markets, including Tunisia, the UAE, Turkey, and Eastern Europe.

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