Egypt’s Investment Risk Rating Falls to Lowest Level Since 2014

Egypt’s investment risk rating has fallen to its lowest level since 2014, according to Finance Minister Ahmed Kouchouk, who said international investors have renewed confidence in the direction of the economy.

Speaking during a dialogue with the heads of newly appointed Egyptian diplomatic missions abroad, Kouchouk said the private sector now accounts for 60% of total investment, with activity increasing across sectors including industry, telecommunications, information technology and tourism.

The minister outlined four priorities for current economic policy: strengthening trust with the private sector and financiers, stimulating economic activity, reducing debt, and increasing spending on health, education and social protection.

Kouchouk also said initial tax revenues due for 2024 following implementation of the Competitive Neutrality Law reached EGP 67.4 billion. The government is continuing efforts to expand production, industrial capacity and exports, including service exports.

The meeting also focused on the role of Egyptian diplomatic missions in promoting investment and commercial opportunities abroad. Discussions covered engagement with international financial institutions and business communities, attracting investment, increasing exports and opening new markets for Egyptian products.