Our fiscal policies aim to create a more competitive economic path, encourage production, and link priority activities with incentives to ensure tangible results

We are working to integrate the climate dimension into initiatives to boost economic activity, whether industry or tourism, and in the field of enhancing the competitiveness of Egyptian exports in international markets

We look forward to innovative ideas from the private sector to include sustainability issues in the new export support program

We are working to reduce debt to create a financial space that enables us to further support economic activity, social spending and human development

We seek to continue efforts to diversify funding sources, including working on the issuance of "sustainability bonds" and "social bonds"

We aim to support the local and foreign business community to expand the financing of green projects and achieve sustainable growth

Soon.. launching initiatives to support "cars" and "buses" to work with natural gas and electricity, to motivate individuals and businesses to go green and economical

Our priorities in taxes and customs are building trust and partnership with the taxpayers with successive packages of incentives and facilitations that address challenges with realistic solutions

We realize that the real challenge is the perfect application We will work hard to motivate the employees to achieve the satisfaction of the tax and customs community

We started with the first package of tax facilities Aiming to improve services to reflect a positive impression among small, medium and large taxpayers

Ahmed Al Sewedy, Chairman of the Board of Directors of «Chapter Zero Egypt»:

The Minister of Finance adopts a positive approach in cooperating with the business community and gives us great hope for a future full of opportunities

 

 

 

Minister of Finance, Ahmed Kouchouk, stressed that we always look forward to dialogue with representatives of the private sector and international institutions at the same table, to think together about a more sustainable economic future, explaining that our financial policies aim to find a more competitive economic path and encourage production, by linking priority activities with incentives that ensure tangible results on the ground.

 

During his participation in the meeting of the Banking and Finance Committee in Chapter Zero Egypt, the Minister said that we are working to integrate the climate dimension into initiatives to boost economic activity, whether industry or tourism. In the field of enhancing the competitiveness of Egyptian exports in global markets, he pointed out that we  look forward to innovative ideas from the private sector to include sustainability issues in the new export support program.

 

He added that we are working to reduce debt to create a financial space that enables us to further support economic activity, social spending and human development, explaining that we seek to continue efforts to diversify sources of financing, including working on the issuance of "sustainability bonds" and "social bonds".

 

The Minister pointed out that we aim to support the local and foreign business community to expand the financing of green projects and achieve sustainable growth, pointing out that, soon, two initiatives will be launched to support "cars" and "buses" to work with natural gas and electricity to motivate individuals and companies to go green and economical.

 

He stressed that our priorities in taxes and customs are to build bridges of trust and partnership with the taxpayers with successive packages of incentives and facilitations that address the challenges with realistic solutions, explaining that we realize that the real challenge is the perfect application, and we will work hard to motivate the employees to achieve the satisfaction of the tax and customs community, and that we have started with the first package of tax facilities, and we aim to improve services to reflect a positive impression among small, medium and large taxpayers.

 

Eng. Ahmed Al Sewedy, Group Chairman, CEO, Managing Director of Al Sewedy Electric, Founder and Chairman of Chapter Zero Egypt, welcomed Kouchouk, assuring that the Minister adopts a positive approach in cooperating with the business community by striving to solve the problems facing the industrial sector immediately, in a way that enhances the business climate, and gives great hope for a future full of opportunities, expressing his optimism about the partnership between the private sector and the government in the implementation of development projects.

 

Engineer Ihab Mehawed, Managing director of Orascom Construction Company, a founding member and a member of the Board of Directors of "Chapter Zero Egypt", pointed out the importance of the effective role of the State's efforts in the field of eliminating carbon emissions, and reviewed the strategic advantages of Egypt in attracting international investments, especially in the field of renewable energy, and recommended expanding the implementation of waste-to-energy projects and reducing fuel imports by shifting towards renewable energy, to alleviate financial burdens, and promote long-term economic growth.

 

Helmy Abouleish, Chairman of SEKEM Group of Companies, Secretary General and founding member of Chapter Zero Egypt, explained the need to pay attention to the agricultural sector, which serves half of Egypt's population and is greatly affected by climate change through the shift towards sustainable agriculture to solve the problems of water scarcity, pointing out that it is necessary to work to reach zero emissions through reducing carbon emissions, and stressed the need to adopt tax incentives for companies that work to reduce their carbon emissions.

 

Manal Hassan, Vice President of Al-Sewedy Electric Company and Chairman of the Technical Advisory Committee of Chapter Zero Egypt, pointed out the challenges facing the process of decarbonization of supply chains due to the heavy reliance on imported raw materials, and suggested imposing mandatory carbon disclosure on companies exporting to Egypt, focusing on the need for investment incentives for investment capital.

 

Ayman Salah, founder and CEO of «Chapter Zero Egypt», emphasized the importance of permanent coordination with the Ministry of Finance to increase the participation of the private sector in development projects, and how to benefit from the opportunities and advantages available to address the challenges facing it, and to mobilize domestic and international resources available to serve it, in addition to exchanging knowledge, experiences and skills regarding climate change issues and incorporating climate governance principles into corporate strategies to maximize competitiveness and sustainability.