{"id":660653,"date":"2025-02-16T00:00:00","date_gmt":"2025-02-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/16\/cabinet-signs-off-on-proposed-customs-facilities\/"},"modified":"2025-02-16T00:00:00","modified_gmt":"2025-02-16T00:00:00","slug":"cabinet-signs-off-on-proposed-customs-facilities","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/16\/cabinet-signs-off-on-proposed-customs-facilities\/","title":{"rendered":"Cabinet signs off on proposed customs facilities"},"content":{"rendered":"

Custom<\/strong>s, renewables, and monetizing state assets continue to command the attention of <\/strong>the cabinet<\/strong>, with a raft of proposals, agreements, and draft laws passed in the cabinet\u2019s weekly meeting<\/a>.<\/p>\n

#1- Efforts to speed up customs clearance got the cabinet thumbs up<\/strong>, with a plan from the finance and investment ministries to improve the process of exporting and importing goods being passed in its bid to cut customs clearance times<\/a> down from eight days to just two. The details of the plan were not disclosed in the statement. However, Deputy Finance Minister for Tax Policies Sherif El Kilani said at PwC Middle East\u2019s annual Tax and Legal Seminar \u2014 which was attended by EnterpriseAM \u2014 that the changes will allow businesses to pay import duties on raw materials in installments for the first time.<\/p>\n

Kilani also <\/strong>told EnterpriseAM<\/a><\/strong> late last year that the government is revisiting customs <\/strong>procedures to align with global standards<\/strong> and improve efficiency. This includes a plan to introduce a four-tier system \u2014 green, red, blue, and orange \u2014 for importers, allowing for faster clearance for compliant businesses.<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

#2- A power purchase agreement between Saudi Arabia\u2019s ACWA Power and the Egyptian <\/strong>Electricity<\/strong> Transmission Company was also approved<\/strong> to allow energy supplies from wind energy projects totaling 2 GW to be fed into the national grid.<\/p>\n

#3- The cabinet greenlit a draft law regulating central business and financial districts<\/strong> with the stated aim of helping these areas grow and attract foreign investments. The draft law lays out the overall regulatory framework for the districts, along with incentives for companies operating in them.<\/p>\n

The General Authority for Central Areas for Finance and Business<\/strong> will be granted \u201cbroad <\/strong>powers\u201d under the draft law<\/strong>, enabling the newly-formed<\/a> body to set most of the rules and regulations, including issuing licenses to practice certain activities.<\/p>\n

#4- A draft law to replace the Egyptian Mineral Resources Authority (EMRA) with the <\/strong>Egyptian Mineral Resources and Mining Industries Authority was also approved<\/strong>, which will transfer all of the EMRA\u2019s assets and employees to the new organization. <\/p>\n

The new organization will be an economic body \u2014 as opposed to a public service body <\/strong>\u2014 meaning that it will be able to utilize \u201cuntapped mineral resources, maximizing the authority's revenues, and supporting and localizing the Egyptian industry,\u201d MP Mohamed El Sallab has previously told local media<\/a>.<\/p>\n

#5- A plan to simplify private healthcare regulation detailed in a draft law was also <\/strong>passed<\/strong>, which is designed to make it easier to license new private healthcare facilities, disentangle administration from ownership, and greenlight foreign players wanting to open up shop in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"

Customs, renewables, and monetizing state assets continue to command the attention of the cabinet, with a raft of proposals, agreements, and draft laws passed in the cabinet\u2019s weekly meeting. #1- Efforts to speed up customs clearance got the cabinet thumbs up, with a plan from the finance and investment ministries to improve the process of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7306],"tags":[1042,282,309,72,891,151],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-660653","post","type-post","status-publish","format-standard","hentry","category-cabinet-watch","tag-acwa-power","tag-cabinet-watch","tag-customs","tag-enterpriseam","tag-madbouly-government","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"c6c4167c-7af8-4e0d-9b71-12ae06b317d5","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/1468.jpg!_StoryDek_!%20Changes%20could%20allow%20businesses%20to%20pay%20import%20duties%20on%20raw%20materials%20in%20installments%20for%20the%20first%20time.","photo_position":"above","homepage_title":"","full_issue_title":"Cabinet signs off on proposed customs facilities","related_issue":[660643],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.586364fe-9d95-4788-806d-b782ec67b036.mp3"},"yoast_head":"\nCabinet signs off on proposed customs facilities - 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The proposed amendments to the Customs Act are apparently alive and well, and will be approved by the Madbouly Cabinet this Wednesday, Finance Minister Mohamed Maait said, according to Amwal Al Ghad. Cabinet had approved \u201cin principle\u201d the\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":[]},{"id":621557,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/12\/egypt-cabinet-to-introduce-new-customs-act\/","url_meta":{"origin":660653,"position":1},"title":"Egypt cabinet to introduce new customs act","author":"enterpriseam admin","date":"12 November 2018","format":false,"excerpt":"LEGISLATION WATCH- Cabinet will introduce a Customs Act in the House within the coming few weeks, Finance Minister Mohamed Maait told the committee yesterday. The bill is meant to bring customs legislation in line with international agreements and raise Egypt\u2019s ranking in a number of global indices, including the World\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":[]},{"id":604622,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/09\/cabinet-likes-amended-customs-act-egypt-to-receive-eur-148-mn-from-ebrd\/","url_meta":{"origin":660653,"position":2},"title":"Cabinet likes amended Customs Act, Egypt to receive EUR 148 mn from EBRD","author":"enterpriseam admin","date":"9 December 2018","format":false,"excerpt":"CABINET WATCH- Cabinet gives preliminary nod to Customs Act amendments: The Madbouly Cabinet has approved \u201cin principle\u201d amendments to the Customs Act, according to a statement. The amendments should create an expedited track for customs clearance, a \u2018whitelist\u2019 of trusted importers, and broaden the Customs Authority\u2019s discretion. The government is\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":[]},{"id":631883,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/29\/council-of-state-to-refer-customs-act-back-to-cabinet-next-week\/","url_meta":{"origin":660653,"position":3},"title":"Council of State to refer Customs Act back to Cabinet next week","author":"enterpriseam admin","date":"29 March 2018","format":false,"excerpt":"LEGISLATION WATCH- The Council of State (Maglis Al Dawla) is reportedly expecting to refer the new Customs Act back to the Cabinet next week. Maglis Al Dawla intends to conclude its review of the act by the end of next week, after discussing some final points in the bill with\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":[]},{"id":623371,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/29\/egypt-cabinet-to-receive-customs-act-this-week-for-review\/","url_meta":{"origin":660653,"position":4},"title":"Egypt Cabinet to receive Customs Act this week for review","author":"enterpriseam admin","date":"29 October 2018","format":false,"excerpt":"** #4 EXCLUSIVE- LEGISLATION WATCH- The Madbouly Cabinet is expected to receive the final draft of the Customs Act this week for review, a senior government official told Enterprise yesterday. Finance Minister Mohamed Maait had said last week that the bill \u2014 which means to bring local customs laws in\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":[]},{"id":549131,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/05\/manufacturers-heres-how-you-qualify-for-customs-breaks\/","url_meta":{"origin":660653,"position":5},"title":"Manufacturers: Here\u2019s how you qualify for customs breaks","author":"enterpriseam admin","date":"5 September 2022","format":false,"excerpt":"The Finance Ministry has laid out the criteria for industry players looking to benefit from amended customs tariffs approved by the House of Representatives in June, according to a cabinet statement. 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