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Egypt’s economy set to grow 4% amid investment and regional cooperation
Al-Mashat highlighted regional economic initiatives with Jordan, Iraq, and others, including the Egypt-Saudi Arabia electricity interconnection.
Egypt’s economy is expected to grow by 4% by the end of the 2024/2025 fiscal year and reach 4.5% in the following year, Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat said.
Al-Mashat highlighted the country’s growing economic stability and resilience amid global trade challenges. She reaffirmed the government’s commitment to structural reforms aimed at driving sustainable growth and positioning Egypt as a key export hub to Europe.
She pointed to Egypt’s strong industrial base—spanning cement, steel, plastics, and processed foods—as a catalyst for manufacturing and export expansion. The minister also outlined a strategic shift toward tradable sectors, strengthening Egypt’s role in global markets.
Al-Mashat highlighted regional cooperation as a key driver of economic integration, citing joint initiatives with Jordan, Iraq, and other countries. She also pointed to the Egypt-Saudi Arabia electricity interconnection project as a step toward strengthening regional energy networks.
She reaffirmed the government’s commitment to private-sector-led growth and emphasized structural reforms aimed at attracting local and international investment to ensure long-term economic stability.
Egypt is currently engaged in an $8 billion Extended Fund Facility (EFF) loan program with the International Monetary Fund (IMF) to support its economic reforms through September 2026. The IMF Executive Board is set to review Egypt’s EFF program on March 10.
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