{"id":566397,"date":"2021-06-16T14:00:26","date_gmt":"2021-06-16T14:00:26","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/export-subsidies-program-approved-by-cabinet-but-were-yet-to-hear-more\/"},"modified":"2021-06-16T14:00:26","modified_gmt":"2021-06-16T14:00:26","slug":"export-subsidies-program-approved-by-cabinet-but-were-yet-to-hear-more","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/export-subsidies-program-approved-by-cabinet-but-were-yet-to-hear-more\/","title":{"rendered":"Export subsidies program approved by cabinet, but we\u2019re yet to hear more"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>A new export support program got the green light from cabinet today <\/strong>and is due to come into play at the start of the state\u2019s new fiscal year on 1 July, according to <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/157607143076381\">a statement<\/a> following the ministers\u2019 weekly meeting. The program will be similar to schemes Egypt has been implementing for nearly a decade to dole out cash payouts to exporters based on the volume of their sales, but will also:<\/p>\n<ul>\n<li><strong>Aim to boost domestic manufacturing<\/strong> and bring added value to Egyptian products.<\/li>\n<li><strong>Push for export growth <\/strong>from Upper Egypt, border regions, the Rubiki industrial zone, Damietta furniture city, and the Suez Canal Economic Zone.<\/li>\n<li><strong>Drive sales to Africa<\/strong> and other target markets, including by helping companies cover freight costs.<\/li>\n<\/ul>\n<p><strong>The cabinet statement was scant on further detail<\/strong> on how exactly these plans would be realized.<\/p>\n<p><strong>The new program will replace an EGP 6 bn scheme that fell out of favor with the nation\u2019s exporters<\/strong> shortly after the government started implementing it in FY2019-2020 \u2014 mainly due to a <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/02\/egypt-to-get-more-clarity-on-export-subsidies-program-as-govt-issues-executive-regs-7497\/\">lack of clarity in its executive regulations<\/a> and for <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dc923cf7-ab34-426a-a6ad-5493eb442ab7\">what were seen as lackluster promises<\/a> to reimburse exports via cash and non-cash incentives, rather than just cash.<\/p>\n<p><strong>ALSO APPROVED BY CABINET- <\/strong>Handing over some construction work at the planned <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/03c8bdc6-d133-43b4-9496-34fb2f55be97\">electric<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/03c8bdc6-d133-43b4-9496-34fb2f55be97\">rail line between Salam City and Tenth of Ramadan City<\/a> to the Aviation Industry Corporation of China (Avic). Avic was awarded the construction contract for the first and second phases of the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/85114503-c556-41c5-94ec-267b9ccbe872\">90-km line<\/a> as part of a consortium which also includes China Railway Group Limited, and which will work alongside Egyptian contractors including Orascom Construction.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new export support program got the green light from cabinet today and is due to come into play at the start of the state\u2019s new fiscal year on 1 July, according to a statement following the ministers\u2019 weekly meeting. The program will be similar to schemes Egypt has been implementing for nearly a decade [&hellip;]<\/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":[10041],"tags":[282,7097,633,7111,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-566397","post","type-post","status-publish","format-standard","hentry","category-speed-round-cabinet-watch","tag-cabinet-watch","tag-development","tag-enterprisepm","tag-infrastructure","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"fce00ffd-bb84-45f5-a94c-45dec89571da","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[566386],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Export subsidies program approved by cabinet, but we\u2019re yet to hear more - 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\/2021\/06\/16\/export-subsidies-program-approved-by-cabinet-but-were-yet-to-hear-more\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Export subsidies program approved by cabinet, but we\u2019re yet to hear more\" \/>\n<meta property=\"og:description\" content=\"A new export support program got the green light from cabinet today and is due to come into play at the start of the state\u2019s new fiscal year on 1 July, according to a statement following the ministers\u2019 weekly meeting. 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El Sewedy voiced approval of the government\u2019s new non-cash incentives program for exporters,\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":565803,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/05\/were-getting-our-export-council-back\/","url_meta":{"origin":566397,"position":1},"title":"We\u2019re getting our export council back","author":"enterpriseam admin","date":"5 May 2021","format":false,"excerpt":"Egypt is resurrecting a council responsible for overseeing the country\u2019s exports, according to a presidential decision green-lit today during the weekly cabinet meeting. The body \u2014 which will be headed by the president and composed of the prime minister, the central bank governor and several cabinet ministers \u2014 will be\u2026","rel":"","context":"In &quot;SPEED ROUND: CABINET WATCH&quot;","block_context":{"text":"SPEED ROUND: CABINET WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601487,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/03\/egypts-new-export-incentives-program-to-launch-between-april-june\/","url_meta":{"origin":566397,"position":2},"title":"Egypt\u2019s new export incentives program to launch between April-June","author":"enterpriseam admin","date":"3 March 2019","format":false,"excerpt":"Export incentives program to launch between April and early FY2019-20: Egypt\u2019s export councils have agreed to launch the new export incentives program between April and early FY2019-2020, sources familiar with the matter said, according to Youm7. The new program will focus on incentives to grow value-added exports as well as\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604871,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/16\/cabinet-green-lights-land-grant-program-for-industry\/","url_meta":{"origin":566397,"position":3},"title":"Cabinet green lights land grant program for industry","author":"enterpriseam admin","date":"16 December 2018","format":false,"excerpt":"CABINET WATCH- Government to begin land grant program for industry: Cabinet greenlit at its weekly meeting on Thursday presidential decrees designating state-owned land to be allocated at no cost to select manufacturing projects. The decrees identified land in underdeveloped areas around El Wadi El Gedeed, Minya, Beni Suef, Upper Egypt\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":665722,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/22\/another-decision-to-sweeten-the-pot-for-foreign-energy-players\/","url_meta":{"origin":566397,"position":4},"title":"Another decision to sweeten the pot for foreign energy players","author":"enterpriseam admin","date":"22 May 2025","format":false,"excerpt":"Cabinet agreed to implement the R-Factor mechanism in specific oil agreements","rel":"","context":"In &quot;Cabinet watch&quot;","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1860.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":602002,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/17\/egypt-to-begin-implementing-new-exports-incentive-program-next-fiscal-year\/","url_meta":{"origin":566397,"position":5},"title":"Egypt to begin implementing new exports incentive program next fiscal year","author":"enterpriseam admin","date":"17 March 2019","format":false,"excerpt":"Gov\u2019t to begin implementing new export incentive program next fiscal year: The government will begin implementing a new, flexible export incentive program next fiscal year, according to a Cabinet statement. The program will be implemented for a year as a trial with periodic meetings between the prime minister and export\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/776.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/566397","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=566397"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/566397\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/566386"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=566397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=566397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=566397"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=566397"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=566397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}