Egyptian Prime Minister Mostafa Madbouly on Sunday met with the heads of the country's export councils, where they agreed on a plan to achieve the state's goal of doubling exports, the prime minister's office said. The meeting was attended by the ministers of finance and investment, as well as other officials. Madbouly affirmed the government's interest in achieving a "qualitative leap" in the volume of Egyptian exports. He noted that the budget for the export subsidy programme has been doubled this year to encourage investors to double their exports, and that a new, consensus-based programme has been activated. The prime minister also reviewed recent government measures to facilitate customs clearance procedures and other various incentives. For their part, the heads of the export councils praised the recent efforts of the prime minister and the ministers of finance and investment. They affirmed that the new programme was developed through a consensus between investors, exporters, and the government, and that all parties are working together to achieve the state's export targets. They noted that export figures in recent months have been positive and indicate a surge. During the meeting, the export council heads presented their visions and proposals for increasing Egyptian exports and reviewed the growth rates in various sectors. They also discussed a number of challenges that are being addressed with officials. The finance minister presented a report on the amounts disbursed under the export subsidy programme, noting that a total of EGP 19.3bn was paid out in the fiscal years 2024/25 and 2025/26, with another EGP 3bn currently being disbursed. The minister of investment and foreign trade outlined the government's incentive and facilitation measures, including reducing customs clearance times. "We have full faith that doubling exports is one of the most important files for the future of the Egyptian state," Madbouly said, requesting a periodic follow-up report on the implementation of the new export subsidy programme. "You are Egypt's ambassadors in this sector, and your opinions and impressions are what encourage other foreign investors to enter the Egyptian market," he told the export council heads.
