November 4, 2023

Egypt Increases the Minimum Wage for Private Sector Employees

The Egyptian Minister of Planning and Industrial Development issued Decree No. 46 of 2023 (the ”Decree”) setting the minimum salary for private sector employees in Egypt.

The minimum salary of private sector employees starting from 1st July 2023 was set to be Three thousand Egyptian Pounds (EGP 3,000) per month. This minimum salary may comprise both fixed and/or variable salary elements including profit share, remuneration, bonuses, incentives, in-kind benefits, etc.

On 27 October 2023, the Minister decided further increase of the minimum salary of private sector employees to be Three Thousand Five Hundred Egyptian Pounds (EGP 3,500) per month as of January 2024.

For more information, contact our partner Dr. Eman Riad.

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