CAIRO – 13 February 2025: Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, has projected that Egypt’s economy will grow by 4% during FY2024/2025.
Speaking at the World Government Summit 2025 in Dubai, Al-Mashat highlighted that over the past months, the government has implemented financial and monetary policy measures, alongside structural reforms that have enhanced the resilience of the Egyptian economy and its ability to withstand future shocks.
Al-Mashat cited indicated that real GDP growth reached 3.5% in Q1 of FY 2024/2025 the, up from 2.7% in same quarter of the previous fiscal year.
While the Suez Canal sector contracted in Q1 of FY 2024/2025, she pointed to a notable rise in the Purchasing Managers’ Index (PMI), which reached 50.7 in January 2025, marking its highest level in 50 months.
Al-Mashat noted that international and regional partnerships remain a key pillar in achieving sustainable development and attracting investments amidst ongoing global developments.
She stated that the government is actively working towards transforming Egypt’s economy into a more resilient one, capable of adapting to external changes. Prioritizing localizing industries, human capital development, and empowering entrepreneurs, the government aims to create job opportunities and achieve sustainable growth.
The minister also highlighted the efforts undertaken by the ministry to mobilize development financing through economic diplomacy, leveraging both domestic and foreign resources to bridge the financing gap across various sectors.
This includes concessional financing, debt swaps, and strategic investment plans.
These efforts extend beyond government funding, benefiting the private sector as well. In 2024, concessional financing for the private sector amounted to approximately $4.2 billion, covering multiple industries.
Al-Mashat further highlighted that Egypt’s non-oil private sector recorded its strongest growth in over four years.
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