Egypt's Finance Minister Ahmed Kouchouk said the country's private sector has shown resilience and strong performance, recording a 73 percent growth in private investments last year, as per an official statement from the ministry on Monday. Kouchouk praised the sector's contribution to economic growth during his remarks at a conference organised by the Engineering Export Council of Egypt (EECE), held in cooperation with the Investment and Foreign Trade Ministry. He highlighted that the government is working to ease tax burdens and improve services, noting that the second package of tax facilities will be launched at the end of October and put forward for public dialogue in November. Kouchouk further announced the launch of a central electronic platform for clearing government dues and debts owed to investors, as well as the overhaul of the VAT refund system to accelerate disbursements. The ministry has already repaid around 7 billion pounds in VAT refunds, three times the annual average in previous years. Attribution: Amwal Al Ghad English
