In fact, the successful completion of the economic reform program that comprised of three stages; fiscal / financial stabilization, structural adjustment / privatization and finally elevation of the social impact of the previous two stages firmly placed Egypt on the path of economic recovery. To further consolidate Egypt 's efforts to improve the performance of the economy, in July 2004 a new cabinet lead by Dr. Ahmed Nazif was appointed. This cabinet included several outspoken advocates of reform who appreciate the role of the private sector. Within the backdrop of this reform minded government, the Egyptian Government issued a decree in September 2004 that aimed at simplifying customs procedures and removed customs rates on imported inputs. Dr. Nazif's Government continued with the privatization policy of several public enterprises. Dr. Nazif's government also issued the Anti-Trust law No.3 of the year 2005 with the purpose of allowing free competition and preventing monopolistic behaviour. The GOE also issued new taxation legislation. The goals of this new taxation legislation were to create a uniform tax for all tax payers, to as sure certainty over tax administration and to remove tax obstacles to economic growth. Actually, the new tax law has borne fruit whereby the government improved its tax collection system and its state revenues increased and amounted to 4.5 billion. The GOE set up the "one stop shop single window initiative" to streamline and expedite the procedures necessary for the establishment and licensing procedures for the companies and projects. This is with a view to encourage foreign direct investment in Egypt.

The GOE is also in the process of implementing an e-governance initiative which will significantly reduce bureaucracy, reduce wasted work hours and pollution caused by using means of transport to physically go to government offices. Thus, this initiative will serve to simplify every day life and in turn promote business ventures. Moreover, Egypt has overhauled its infrastructure and telecommunications sector. Egypt is diversifying its exports and not only exporting traditional exports like agricultural products, petroleum, raw cotton, textiles and clothing but also pharmaceuticals, processed food products, ceramics, cement fertilizers, natural gas and computer software.