Private Investment in Egypt Surges 80% Amidst Economic Reforms
The spike follows government measures to enforce competitive neutrality and reduce state dominance in select sectors.
Egypt’s private sector investment rose by nearly 80% in the 2024/2025 fiscal year—the highest rate recorded in years—according to Minister of Finance Ahmed Kouchouk. The spike reflects the impact of government efforts to enforce competitive neutrality and reduce state dominance in select industries under the State Ownership Policy Document.
Minister of Finance Kouchouk stated that 10 major projects are scheduled for launch in 2025, aimed at expanding job creation and accelerating economic diversification. These efforts are part of a broader strategy to empower the private sector and reshape the country’s investment landscape.
Key sectors that drove growth include tourism, which expanded by 13.1%, manufacturing, which grew by 12.4%, and information and communications technology (ICT), which rose by 15.1%. Overall GDP growth reached 3.9% during the second half of 2024, compared to 2.5% previously, signalling a gradual but steady economic recovery.
The Finance Minister linked these gains to reforms focused on enhancing private sector participation, promoting transparency, and advancing market liberalisation. He added that additional initiatives are being prepared to maintain this momentum, in line with Egypt’s goal of attracting USD 10 billion in annual foreign direct investment by 2030.
