{"id":581928,"date":"2023-03-01T00:00:00","date_gmt":"2023-03-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/01\/make-it-easier-for-us-to-do-business-private-sector-leaders-tell-cabinet-at-roundtable\/"},"modified":"2023-03-01T00:00:00","modified_gmt":"2023-03-01T00:00:00","slug":"make-it-easier-for-us-to-do-business-private-sector-leaders-tell-cabinet-at-roundtable","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/01\/make-it-easier-for-us-to-do-business-private-sector-leaders-tell-cabinet-at-roundtable\/","title":{"rendered":"Make it easier for us to do business, private-sector leaders tell cabinet at roundtable"},"content":{"rendered":"

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<\/span>What it takes to boost investment in Egypt, according to business leaders:<\/span> <\/span>Establishing a higher investment council, ramping up investment incentives, and delivering a stable regulatory environment were among the recommendations suggested by industry players and outside experts at a rou<\/span>ndtable discussion organized by the Cabinet Information and Decision Support Center (IDSC) yesterday, according to <\/span>a cabinet statement<\/a><\/span>.<\/span><\/p>\n

We love to hear it:<\/span> Nothing could have put a bigger smile on our faces today more than news that industry players are taking note of our <\/span>five-step recipe to build an export-led economy<\/a><\/span> <\/span>that could turn Egypt into an export hub and magnet for FDI.<\/span><\/p>\n

REFRESHER- <\/span>Prime Minister Moustafa Madbouly tasked the IDSC last month to work on <\/span>strategies that could reduce our exposure to external risks<\/a><\/span> in the coming years. The folks at IDSC will work with experts on regular reports to cabinet on how policymakers can strengthen the country\u2019s food and energy security, bolster supply chains and prevent a repeat of the 2022-2023 FX liquidity crisis.<\/span><\/p>\n

A stable regulatory environment is key: <\/span>Our friend <\/span>BTECH CEO Mahmoud Khattab<\/a><\/span> stressed the need for consistency in regulations governing commercial and investment activities \u2014 and to streamline licensing and other regulation processes. <\/span><\/p>\n

So is coming up with a list of priority industries:<\/span> Creating a detailed plan with a long-term goal for a list of promising sectors like food and automotive, which includes clearly defined roles between different government agencies and authorities, is also necessary, Marwa Mahgoub, a private sector development expert at the International Finance Corporation (IFC), said. <\/span><\/p>\n

Policymakers + business owners need to be on the same page: <\/span>Our friend <\/span>Moustafa Moharram, CEO of Moharram & Partners<\/a><\/span>, called for a investment policy council to be set up involving private-sector representatives.<\/span><\/p>\n

Tax was another hot topic: <\/span>Moharram and Khattab both noted the importance of a streamlined, consistent tax regime to help create a more welcoming environment for foreign investors. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

What it takes to boost investment in Egypt, according to business leaders: Establishing a higher investment council, ramping up investment incentives, and delivering a stable regulatory environment were among the recommendations suggested by industry players and outside experts at a roundtable discussion organized by the Cabinet Information and Decision Support Center (IDSC) yesterday, according to […]<\/p>\n","protected":false},"author":1,"featured_media":581929,"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":[7272],"tags":[72,103,125],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-581928","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseam","tag-fdi","tag-investment-watch","wpautop","entry"],"acf":{"mongo_id":"fd43a507-bda9-481f-a3de-6a65d4634fcb","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/3\/planning1600px.jpg","photo_position":"below","homepage_title":"","full_issue_title":"","related_issue":[581921],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/3\/.61268b67-c815-43dd-9225-894c3bb9f010.mp3"},"yoast_head":"\nMake it easier for us to do business, private-sector leaders tell cabinet at roundtable - 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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":[]},{"id":594083,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/20\/imf-hints-at-post-loan-arrangements-with-egypt\/","url_meta":{"origin":581928,"position":2},"title":"IMF hints at post-loan arrangements with Egypt","author":"enterpriseam admin","date":"20 October 2019","format":false,"excerpt":"IMF hints at post-loan arrangements with Egypt: Future cooperation between Egypt and the IMF will center around continuing structural reforms and the Sisi administration's program to shore up the social safety net, the IMF\u2019s Middle East and Central Asia Director Jihad Azour said at a presser in Washington yesterday. He\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/10\/153.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":581926,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/01\/madbouly-reassures-qatari-investors-on-economy-in-bid-to-draw-investment\/","url_meta":{"origin":581928,"position":3},"title":"Madbouly reassures Qatari investors on economy in bid to draw investment","author":"enterpriseam admin","date":"1 March 2023","format":false,"excerpt":"Egyptian officials yesterday sought to reassure Qatari business leaders on the state of the Egyptian economy in a bid to unlock fresh Qatari investment. Prime Minister Moustafa Madbouly said during talks in Doha that Egypt is on its way out of its economic crisis and that the currency of the\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/EgyptQatar-talks-x1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":589167,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/22\/cabinet-approves-raft-of-measures-to-level-the-playing-field-boost-private-sector-investment\/","url_meta":{"origin":581928,"position":4},"title":"Cabinet approves raft of measures to level the playing field, boost private-sector investment","author":"enterpriseam admin","date":"22 June 2023","format":false,"excerpt":"A draft bill to eliminate special tax treatment for state entities","rel":"","context":"In "Cabinet watch"","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1159.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597952,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/cabinet-approves-egp-10-bn-securitization-issuance-and-new-investment-zone-in-new-aswan\/","url_meta":{"origin":581928,"position":5},"title":"Cabinet approves EGP 10 bn securitization issuance and new investment zone in New Aswan","author":"enterpriseam admin","date":"9 May 2019","format":false,"excerpt":"CABINET WATCH- Cabinet approves EGP 10 bn securitization issuance and new investment zone in New Aswan: The cabinet of Prime Minister Moustafa Madbouly approved a EGP 10 bn securitized bond issuance by the New Urban Communities Authority (NUCA) yesterday to help fund the agency\u2019s projects, according to a cabinet statement\u2026","rel":"","context":"In "Speed Round"","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/581928","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=581928"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/581928\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/581921"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/581929"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=581928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=581928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=581928"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=581928"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=581928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}