Finance Minister: Export Support Surges to EGP 28 Billion, Marking 55% Growth in FY 2025/2026

Ahmed Kouchouk, Egypt's Minister of Finance, revealed that the value of export support has reached 28 billion Egyptian pounds during the fiscal year 2025/2026, achieving an annual growth rate of 55%. This increase is part of the state's broader strategy to enhance the competitiveness of Egyptian products in global markets, according to the minister's statements.

Unprecedented Support for the Export Sector

The minister explained that this significant rise in export support allocations reflects the government's unprecedented commitment to backing the export sector. He noted that the aid aims to incentivize companies to boost their production and expand their presence in foreign markets, thereby strengthening the national economy.

Exports as a Key Driver of Economic Growth

Kouchouk emphasized that the state will continue to implement programs and initiatives aimed at enhancing merchandise and service exports, considering them one of the most important engines of economic growth. He added that these efforts are part of a comprehensive vision to support productive sectors and increase their competitiveness, positively impacting the balance of payments and creating new job opportunities.

The government is also working to simplify procedures for refunding export burdens and accelerating the disbursement of dues to exporting companies. This step is intended to provide financial liquidity that helps companies expand their operations and meet growing demand in regional and international markets. Through these policies, the government aims to achieve a significant leap in the volume of Egyptian exports in the coming years.