Egypt Sees 77% Increase in Private Investments, 33% Growth in Non-Oil Exports

Egypt's economy is on a strong upward trajectory, with key indicators pointing to significant growth and resilience. 

The latest figures shared by Egypt's Minister of Finance, Ahmed Kouchouk, highlight a remarkable 77% increase in private investments, signaling growing confidence in the country's economic future. Additionally, non-oil exports have surged by 33%, reflecting the success of policies aimed at diversifying Egypt’s export base.

During an exclusive interview with international investors at the Egyptian-British Business Association in London, Kouchouk shared insights on Egypt’s economic strategy, highlighting the role of the private sector and significant policy reforms that are driving the country's growth. These figures, coupled with sustained efforts to improve Egypt’s fiscal landscape, reflect a promising future for both local and international investors.

The government’s continued focus on tax and customs reforms is also playing a pivotal role in enhancing the investment climate, with efforts to simplify procedures and reduce costs for businesses. The private sector has been a major contributor to the country’s economic recovery, evidenced by a 35% rise in tax revenues. This growth comes without imposing additional burdens on businesses, thanks to the expanded tax base and resolution of tax disputes.