{"id":549209,"date":"2022-09-07T04:00:36","date_gmt":"2022-09-07T04:00:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/07\/madbouly-govt-to-offer-new-tax-breaks-for-high-value-industries-wont-change-course-on-expensive-national-projects-despite-economic-headwinds\/"},"modified":"2022-09-07T04:00:36","modified_gmt":"2022-09-07T04:00:36","slug":"madbouly-govt-to-offer-new-tax-breaks-for-high-value-industries-wont-change-course-on-expensive-national-projects-despite-economic-headwinds","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/07\/madbouly-govt-to-offer-new-tax-breaks-for-high-value-industries-wont-change-course-on-expensive-national-projects-despite-economic-headwinds\/","title":{"rendered":"Madbouly: Gov\u2019t to offer new tax breaks for high-value industries + won\u2019t change course on expensive national projects despite economic headwinds"},"content":{"rendered":"

<\/a> It was a slow night on the airwaves, with the talking heads focusing on a speech <\/strong>given by Prime Minister Moustafa Madbouly at Fayoum yesterday<\/strong> (watch, runtime: 25:43<\/a>). The presser got coverage from Kelma Akhira, Masaa DMC, Al Hayah Al Youm, Ala Mas\u2019ouleety among others. Here are the highlights:<\/p>\n

More tax breaks for high-value manufacturing: <\/strong>Cabinet is considering new incentives to attract investment in advanced industries including electric-vehicle assembly, Madbouly said. Under the plans, companies investing in target industries could see their tax bill slashed by 70%. The government is also considering amending the 2017 Investment Law to extend incentives set to expire in 2023 for an additional five years, he said.<\/p>\n

The IDA is getting its act together on licensing:<\/strong> Some 20k industrial licenses have been issued by the Industrial Development Authority (IDA) since the introduction of a new system over the summer to speed up the licensing process, Madbouly said. The new system sees licenses issued within no more than 20 days.<\/p>\n

No turning back on mega-projects:<\/strong> The PM insisted that the government has no choice but to continue on with expensive national projects in response to calls for their suspension amid soaring inflation and rising economic headwinds. \u201cWe\u2019re talking here about a state that is being built. If such projects are not implemented [in the current period], it will be implemented later at double the cost,\u201d he said.<\/p>\n

The National Dialogue still got attention on the talk shows<\/strong>, with Masaa DMC (watch,<\/a>runtime: 10:30<\/a>) and Al Hayah Al Youm (watch, runtime: 6:40<\/a>) both covering Monday\u2019s board meeting that selected several rapporteurs to the political, economic and social committees<\/p>\n","protected":false},"excerpt":{"rendered":"

It was a slow night on the airwaves, with the talking heads focusing on a speech given by Prime Minister Moustafa Madbouly at Fayoum yesterday (watch, runtime: 25:43). The presser got coverage from Kelma Akhira, Masaa DMC, Al Hayah Al Youm, Ala Mas\u2019ouleety among others. Here are the highlights: More tax breaks for high-value manufacturing: […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7232],"tags":[72,289,7196,125,106,281,69],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-549209","post","type-post","status-publish","format-standard","hentry","category-last-nights-talk-shows","tag-enterpriseam","tag-industrial-development-authority","tag-industry","tag-investment-watch","tag-last-nights-talk-shows","tag-moustafa-madbouly","tag-tax","wpautop","entry"],"acf":{"mongo_id":"7f3d858e-3232-43cc-94b9-c3d26c9e267c","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[549191],"teaser":"","voice_url":""},"yoast_head":"\nMadbouly: Gov\u2019t to offer new tax breaks for high-value industries + won\u2019t change course on expensive national projects despite economic headwinds - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/09\/07\/madbouly-govt-to-offer-new-tax-breaks-for-high-value-industries-wont-change-course-on-expensive-national-projects-despite-economic-headwinds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Madbouly: Gov\u2019t to offer new tax breaks for high-value industries + won\u2019t change course on expensive national projects despite economic headwinds\" \/>\n<meta property=\"og:description\" content=\"It was a slow night on the airwaves, with the talking heads focusing on a speech given by Prime Minister Moustafa Madbouly at Fayoum yesterday (watch, runtime: 25:43). 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Prime Minister Moustafa Madbouly announced that the imports backlog at ports has been cleared, and President Abdel Fattah El Sisi\u2019s tour to India, Azerbaijan, and today Armenia got top billing from the talking heads. S&P Global\u2019s affirmation\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/481.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":605206,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/24\/govt-considering-tax-breaks-and-incentives-for-sinai-investors\/","url_meta":{"origin":549209,"position":2},"title":"Gov\u2019t considering tax breaks and incentives for Sinai investors","author":"enterpriseam admin","date":"24 December 2018","format":false,"excerpt":"The government is looking into potential incentives for investors in the Sinai Peninsula, including offering tax and customs exemptions for a limited period of time and offering land in North Sinai under a usufruct framework, Prime Minister Moustafa Madbouly said yesterday, according to Amwal El Ghad. The measures are meant\u2026","rel":"","context":"In "Egypt Politics + Economics"","block_context":{"text":"Egypt Politics + Economics","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-politics-economics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546543,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/19\/the-governments-privatization-plans-are-still-getting-attention-on-the-airwaves\/","url_meta":{"origin":549209,"position":3},"title":"The government\u2019s privatization plans are still getting attention on the airwaves","author":"enterpriseam admin","date":"19 May 2022","format":false,"excerpt":"Still dominating airwaves yesterday: A leaked draft of the government\u2019s ownership policy, whichoutlines the state\u2019s plan to fully withdraw from as much as 79 industries over the new three years, led the conversation on Ahmed Moussa\u2019s Ala Mas\u2019ouleety (watch, 52:26).Working groups have been formed to implement the state\u2019s ambitious plans\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546426,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/16\/madbouly-presser-on-economy-dominates-the-talk-shows\/","url_meta":{"origin":549209,"position":4},"title":"Madbouly presser on economy dominates the talk shows","author":"enterpriseam admin","date":"16 May 2022","format":false,"excerpt":"Prime Minister Moustafa Madbouly\u2019s epic presser yesterday was all over the airwaves last night: Business leaders gave their reactions to the state\u2019s strategy to raise private investment and sell-off state assets (covered in depth in this morning\u2019s news well, above), while Planning Minister Hala El Said appeared to answer questions\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599362,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/26\/investment-and-business-lead-talk-shows-on-quiet-night\/","url_meta":{"origin":549209,"position":5},"title":"Investment and business lead talk shows on quiet night","author":"enterpriseam admin","date":"26 June 2019","format":false,"excerpt":"Prime Minister Moustafa Madbouly led a business roundtable in Berlin, during which he discussed strengthening commercial ties with blue-chip German investors, cabinet spokesman Nader Saad told Al Hayah Al Youm\u2019s Khaled Abu Bakr (watch, runtime: 07:22). We have more on the ministerial trip to Germany in this morning\u2019s Speed Round,\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/549209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=549209"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/549209\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/549191"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=549209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=549209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=549209"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=549209"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=549209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}