Egypt’s Cabinet has approved extending the exemption from incentive fees for airlines until December 2026, a move aimed at boosting tourism and increasing inbound air traffic to the country’s airports.
Prime Minister Mostafa Madbouly confirmed the decision, which applies to carriers from all countries worldwide. The measure is part of Egypt’s ongoing efforts to make its tourist destinations more accessible and attractive to international travelers.
During the same Cabinet meeting, the government also approved a draft law allowing the Minister of Petroleum and Mineral Resources to partner with the Egyptian General Petroleum Corporation (EGPC) for oil exploration in the Ras Badran and Gulf of Zeit areas in the Gulf of Suez.
The initiative aligns with Egypt’s strategic goals to maximize natural resource use and strengthen national entities in the oil and gas sector.
Additionally, Madbouly approved two new licenses for the establishment of Portland cement production projects through a public tender among local companies. Each license will allow a production capacity of up to 2 million tons per year, supporting Egypt’s industrial growth and infrastructure development.
The combined measures reflect Egypt’s focus on stimulating key sectors — tourism, energy, and industry — to drive economic growth and enhance its global competitiveness.