Egypt expects the private sector to contribute nearly 987 billion Egyptian pounds ($19.7 billion) to domestic projects during the 2024-2025 fiscal year. This is part of a broader $40 billion investment goal set by the government.
Government Sets Ambitious Investment Goals
The Egyptian government aims for total investments of approximately EGP 2 trillion ($40 billion) during the current fiscal year, which started on July 1, 2024. The private sector is expected to provide nearly half of this amount. According to H.E. Dr. Rania Al-Mashat, Egypt’s Minister of International Cooperation, the government’s strategy focuses on expanding the private sector’s role in the economy.
Policy Reforms Drive Economic Growth
The government’s structural reforms target three main areas: boosting the macro-economy, improving the business environment, and encouraging private sector investment. These reforms aim to create a more attractive environment for both local and foreign investors. Dr. Al-Mashat highlighted that the private sector will contribute nearly 49.7% of the total investments expected during 2024-2025.
Empowering the Private Sector
“Expanding the role of the private sector in development is a top priority for the government,” said Dr. Al-Mashat. To achieve this, the government is introducing policies that incentivize private sector involvement. These policies focus on fostering investments in key areas like infrastructure, industry, and technology. They also aim to increase both local and foreign investment, thereby creating new growth opportunities.
Building a Stronger Economy Together
The government’s focus on private sector engagement is a critical part of Egypt’s long-term economic vision. With a target of $40 billion in investments for 2024-2025, Egypt is positioning itself as an attractive destination for global investors. The active participation of the private sector will be vital in driving economic development, creating jobs, and ensuring Egypt’s future growth.
