Sisi Announces 5-Year Tax Exemption to Boost Startups

During his visit to Burj Al Arab Technological University on Wednesday, President Abdel Fattah al-Sisi of Egypt announced that startups would be granted a five-year tax exemption.

Emphasizing the importance of supporting startup companies, President al-Sisi expressed his commitment to providing assistance to these ventures.

This move aims to foster a conducive environment for startups and encourage entrepreneurial growth in the country.

The Egyptian government spends between $24 and $30 billion annually to bring production supplies for about 150 products as the government already has feasibility studies for these products to be operated directly by companies in the market.



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