Egypt’s Economic Growth to Exceed 4.2% in 2026: European Banks

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Madbouly also affirmed that the policies under Egypt’s economic reform program are beginning to yield tangible results, highlighting that private sector participation has now risen to 60%.

Egyptian Prime Minister, Mostafa Madbouly, stated that the European Bank has projected Egypt’s economic growth to exceed 4.2% next year, during the Cabinet weekly press conference.

He emphasised that, as President Abdel Fattah El-Sisi has noted, the state is working diligently to maximise the efficiency and utilisation of every inch of available land, particularly in governorates that have historically suffered from a lack of services and investments.

In response, the government and all relevant authorities will intensify and double their efforts to achieve inclusive development across all regions of the country. Madbouly also affirmed that the policies under Egypt’s economic reform program are beginning to yield tangible results, highlighting that private sector participation has now risen to 60%.

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In the mining sector, the Prime Minister noted that the Sukari gold mine is one of the largest gold mines globally, with reserves sufficient for the next ten years. He added that projected gold production over the coming eight years is expected to surpass the total output of the past decade. Additionally, the company Aton Resources has announced the discovery of a new gold mine in Egypt.