Share of Private Investments in Aggregate Flows Goes Up in Egypt

(3 Minutes Read)

The share of private sector investments was 63% of total investments during the first quarter of the current fiscal year.

Egypt’s Minister of Finance, Ahmed Kouchouk, pointed out that the cap on total investments and enhanced economic governance have contributed to increasing the share of private sector investments to 63% of total investments during the first quarter of the current fiscal year.

During a meeting with the board of T20, the minister emphasized that the first phase of tax relief measures aims to foster compliance among both existing and new taxpayers, marking the beginning of a new chapter in trust, partnership, and support. The minister stated that the economic ministerial group is working cohesively on multiple fronts to create a competitive and attractive investment environment.

He highlighted ongoing efforts to improve debt indicators and stabilize prices, ensuring that both investors and citizens experience the benefits of economic development. Kouchouk reaffirmed the government’s commitment to expanding effective engagement with the private sector to leverage its expertise in driving economic reform and growth.

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The Minister emphasized that fiscal priorities are centered on empowering the private sector to lead economic expansion through more impactful policies that stimulate production and exports. The minister further noted that financing costs are expected to decline gradually in line with projected reductions in inflation.