In an interview with Richard Quest on CNN International’s Middle East Marketplace program, Dr. Rania Al-Mashat, Egypt’s Minister of Planning and Economic Development, highlighted the significant strides Egypt has made in its economic reforms despite global uncertainties, including the risks associated with protectionist trade policies.
Dr. Al-Mashat emphasized that Egypt’s economy has become more stable and predictable, pointing to ongoing structural reforms that ensure long-term economic sustainability. She also noted that these reforms are enhancing Egypt’s competitiveness, positioning the country as a regional hub for exports to Europe.
The Minister outlined Egypt’s economic vision, which focuses on shifting from non-tradable sectors to tradable sectors. This transformation aims to increase the added value of Egyptian products and improve their competitiveness in global markets. She also forecasted a 4% growth rate for Egypt’s economy by the end of June 2025, with an expected increase to 4.5% in the following fiscal year.
Dr. Al-Mashat stressed the importance of regional integration for driving economic growth, citing Egypt’s collaboration with countries like Jordan and Iraq through joint economic committees and strategic projects. These initiatives, such as the Egypt-Saudi Arabia electricity grid connection, are enhancing energy networks and regional cooperation. Additionally, Egypt’s strategic location as a key transit point for marine cables and internet traffic in the Red Sea further strengthens its competitive edge.
The Minister reiterated that fostering a business-friendly environment to drive private-sector-led growth remains a key priority for the government, underpinned by continued structural reforms that attract investment and promote economic development.
