Egypt’s Minister of Planning, Economic Development and International Cooperation Dr. Rania Al-Mashat held an open dialogue on Wednesday with leading German companies and investors to present Egypt’s “National Narrative for Economic Development”, the country’s new economic model, and recent structural and economic reforms designed to boost growth, investment, and job creation.
The roundtable, convened as part of the Egypt–Germany intergovernmental negotiations taking place in Berlin, brought together executives from more than 20 major German companies, including Siemens, Bayer, and BASF, alongside firms from the energy, industry, technology, consulting, and trade sectors. The session was organized by the German Federal Ministry for Economic Cooperation and Development in partnership with the Federation for Economic Development and Foreign Trade.
Al-Mashat: Egypt Has “A Clear Path to Empower the Private Sector”
In her remarks, Al-Mashat affirmed that the Egyptian government is committed to a clear and consistent pathway to empower the private sector and accelerate investment flows. She stressed that the Egyptian economy has become more stable, adding that economic and structural reforms remain a “continuous and ongoing process.”
She invited German companies to capitalize on “promising and expanding economic opportunities” in the Egyptian market, noting that more than 1,600 German companies currently operate in Egypt, with total investment exceeding €6 billion across energy, transport, digitalization, and industry.
German Private Sector a “Key Partner” in Egypt’s Green Transition
Al-Mashat highlighted the deep and longstanding economic partnership between Egypt and Germany, describing the German private sector as a “principal partner” in Egypt’s green transformation—particularly in renewable energy, green hydrogen, and energy efficiency.
She added that European Investment Guarantees, valued at €1.8 billion, open new avenues for increased German investment—especially in projects aligned with Egypt’s “Nexus of Water, Food and Energy” (NWFE) platform, which expands green and climate-finance opportunities.
Innovative Financing for the Private Sector Among Top Priorities
The minister emphasized that innovative financing for the private sector is a central priority in cooperation with development partners.
She noted that Egypt has secured $15.6 million in development financing between 2020 and May 2025 directed toward private-sector support.
According to Al-Mashat, the European investment guarantees mechanism enables deeper partnerships between German and European investors and Egyptian institutions, helping scale up climate-aligned projects and advance Egypt’s just energy transition.
“National Narrative” … Roadmap for Growth
Al-Mashat presented the newly launched “National Narrative for Economic Development: Policies Supporting Growth and Employment”, a comprehensive national framework linking Egypt Vision 2030, the government’s action program, and sectoral strategies.
The document outlines Egypt’s shift toward a new economic model focused on higher-productivity sectors, increased exports, and deeper industrial localization.
She underscored that Egypt has implemented more than 100 structural reforms in recent years, including:
- Public finance reforms
- Modernization of customs systems
- Implementation of the State Ownership Policy
- Legislative updates to strengthen the investment environment
These reforms, she said, aim to transition Egypt toward a production-driven, export-oriented economy.
Strong Growth Indicators: Highest Quarterly Rate in Three Years
Al-Mashat revealed that Egypt’s economy recorded a 5% growth rate in Q4 FY 2024/2025, compared to 2.4% in the same quarter of the previous year — the highest quarterly rate in three years.
This performance pushed annual growth to 4.4%, surpassing international institutions’ expectations.
She explained that these indicators reflect a clear trend toward higher productivity, increased exports, and the localization of industry, demonstrating the economy’s ability to withstand global shocks.
Government Coordination to Preserve Reform Gains
Al-Mashat stressed the importance of strong governmental coordination to maintain the gains of economic reform.
She pointed to continuous cooperation within the economic group to improve the investment climate and deepen structural progress.
The minister also praised the expanding cooperation between Egypt and Germany in green hydrogen, renewable energy, logistics, and industrial development, emphasizing Egypt’s keen interest in leveraging German technology to advance industrial localization efforts.
Growing Egypt–Germany Partnership
The session comes amid a notable expansion in Egypt–Germany cooperation — both in development programs and investment flows. This growth, Al-Mashat said, reflects a shared commitment to broader, mutually beneficial economic partnerships and the pursuit of inclusive and sustainable development.
