Dr. Mohamed Maait, Minister of Finance, said that an additional 5.5 billion pounds will be made available to support exporters and producers.
During the eighth CEOs Thoughts conference, which is organized by Al Mal GTM today and tomorrow, the minister added that exemptions were provided for the industrial sectors from the real estate tax for a period of 5 years, at an amount of about 4.5 billion pounds.
Maait indicated that 37.5 billion pounds have been paid to more than 2,500 exporting companies over the past two and a half years, noting that the state treasury bears exempting the private sector from 4.5 billion pounds in real estate tax and 6 billion pounds for providing electricity.
The eighth edition of the CEO Conference comes with a diverse participation and is held under the title “The Year of Grand Challenges”.
Among the prominent officials who will open the conference are Dr. Mohamed Moait, Minister of Finance, Ahmed Eissa, Minister of Tourism and Antiquities, Dr. Mohamed Farid, Chairman of the Financial Supervisory Authority, Ayman Suleiman, Executive Director of the Sovereign Fund of Egypt, Ramy El Dokani, Chairman of the Board of Directors of the Stock Exchange, and Basil Al Heny, Executive Managing Director of Misr Holding Group. Insurance, all in the form of an exclusive interview.
The conference gains its importance this year from the timing of its convening, which will be after a period of momentum and remarkable governmental activity to support business owners and facilitate the participation of the private sector in economic development. This was evident in the economic conference that took place about a month ago under the auspices of President Abdel Fattah El-Sisi, as well as the Climate Summit. Global, which witnessed the signing of agreements worth hundreds of billions of dollars.