{"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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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":577899,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/08\/last-nights-talk-shows-madbouly-has-a-plan-to-solve-fx-woes\/","url_meta":{"origin":549209,"position":1},"title":"Last Night\u2019s Talk Shows: Madbouly has a plan to solve FX woes","author":"enterpriseam admin","date":"8 December 2022","format":false,"excerpt":"It was a slow night on talk shows yesterday \u2014 sans Lamees Hadidi and Amr Adib","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\/2022\/12\/159.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":622301,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/04\/news-of-a-new-cabinet-took-over-the-airwaves\/","url_meta":{"origin":549209,"position":2},"title":"News of a new cabinet took over the airwaves","author":"enterpriseam admin","date":"4 June 2024","format":false,"excerpt":"All about the new cabinet: One topic echoed through the airwaves last night, the resignation of the cabinet and the formation of a new one, also led by Prime Minister Moustafa Madbouly. We have the details of the story in the news well, above. No surprise: Madbouly staying on as\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\/2024\/6\/293.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":633669,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/18\/madbouly-apologizes-to-doctor-who-was-publicly-scolded-by-sohag-governor\/","url_meta":{"origin":549209,"position":3},"title":"Madbouly apologizes to doctor who was publicly scolded by Sohag governor","author":"enterpriseam admin","date":"18 July 2024","format":false,"excerpt":"A Madbouly-heavy night on the airwaves: Prime Minister Moustafa Madbouly\u2019s presser dominated the airwaves last night \u2014 find our full coverage in the news well, above. Madbouly apologized to El Maragha Hospital doctor who was scolded by Sohag governor Abdel Fattah Serag in a now viral video. The governor was\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\/2024\/7\/1426.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":605228,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/26\/santa-brought-us-no-noteworthy-business-news\/","url_meta":{"origin":549209,"position":4},"title":"Santa brought us no noteworthy business news","author":"enterpriseam admin","date":"26 December 2018","format":false,"excerpt":"It was another humdrum evening on the airwaves, which had no noteworthy business news or discussions to offer us on Christmas. Al Hayah Al Youm (watch, runtime: 05:50), Hona Al Asema (watch, runtime: 32:07), and Masaa DMC (watch, runtime: 08:39) spent the better part of the evening focusing on what\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":[]},{"id":601902,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/13\/the-japanese-business-delegation-meet-with-pm-madbouly-to-talk-investment\/","url_meta":{"origin":549209,"position":5},"title":"The Japanese business delegation meet with PM Madbouly to talk investment","author":"enterpriseam admin","date":"13 March 2019","format":false,"excerpt":"A visiting Japanese business delegation made the airwaves last night. Al Hayah Al Youm\u2019s Khaled Abu Bakr said the delegation proposed to Egyptian officials, led by Prime Minister Moustafa Madbouly, potential moves to improve the country\u2019s attractiveness as an investment destination (watch, runtime: 02:03). The delegation also highlighted obstacles that\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}]}}