Egypt’s House Industry Committee praised the improvement in economic performance during the third quarter of the 2024/2025 fiscal year, which recorded the highest quarterly growth rate in three years at 4.77%. This growth is seen as clear evidence of the success of the country’s economic reform program and the effectiveness of government policies in strengthening the resilience of Egypt’s economy against regional and global challenges.
The committee chairman noted that achieving this growth amid turbulent global conditions reflects the strength of the national economy. He pointed out that this momentum resulted from serious structural reforms, controlled public spending, and empowering the private sector to lead the development process. The rise in private sector investment contribution to 62.8% of total investments in the third quarter, compared to a 45.6% decline in public investment, highlights the state’s strategic shift toward supporting the private sector and enhancing its role in the economy, especially with the Central Bank’s easing cycle and easier financing access for investors through government financial initiatives targeting key productive sectors.
Indicators from global purchasing managers’ surveys confirm the continued recovery of private sector activity in Egypt, reaching its highest level in four years, reflecting improved business conditions and investor confidence. There has also been a noticeable increase in non-oil industrial investments, rising by 16%, signaling a strong comeback for this vital sector, supported by government efforts to address chronic challenges faced by investors, including land allocation, simplified licensing procedures, golden licenses, infrastructure development, and improvements in the tax and service systems supporting industry.
The industrial sector ranked first in contributing to growth rates, and commodity exports saw a significant surge during the third quarter, growing by 54.4%, reflecting the results of production support programs and expanded export efforts, increasing the industrial sector’s ability to meet accelerating global demand. Changes in the global trade landscape have provided Egypt with an opportunity to strengthen its position as a reliable source, as countries seek to diversify supply chains. The government has capitalized on this through policies aimed at improving the competitiveness of Egyptian products and expanding the base of exporters. Continued support for the industrial sector as a driver of sustainable development is essential, and there is a call to accelerate initiatives to deepen local manufacturing and achieve a leap in non-oil exports, enhancing the economy’s ability to achieve real growth based on production and exports, contributing to the targets set in the 2025/2026 fiscal year socio-economic development plan, which aims for 4.5% growth.
— news from (جريدة الأهالي المصرية)
— News Original —
Committee Highlights Economic Improvement as Result of Reform Program
Egypt’s House Industry Committee praised the improvement in economic performance during the third quarter of the 2024/2025 fiscal year, which recorded the highest quarterly growth rate in three years at 4.77%. This growth is seen as clear evidence of the success of the country’s economic reform program and the effectiveness of government policies in strengthening the resilience of Egypt’s economy against regional and global challenges.
The committee chairman noted that achieving this growth amid turbulent global conditions reflects the strength of the national economy. He pointed out that this momentum resulted from serious structural reforms, controlled public spending, and empowering the private sector to lead the development process. The rise in private sector investment contribution to 62.8% of total investments in the third quarter, compared to a 45.6% decline in public investment, highlights the state’s strategic shift toward supporting the private sector and enhancing its role in the economy, especially with the Central Bank’s easing cycle and easier financing access for investors through government financial initiatives targeting key productive sectors.
Indicators from global purchasing managers’ surveys confirm the continued recovery of private sector activity in Egypt, reaching its highest level in four years, reflecting improved business conditions and investor confidence. There has also been a noticeable increase in non-oil industrial investments, rising by 16%, signaling a strong comeback for this vital sector, supported by government efforts to address chronic challenges faced by investors, including land allocation, simplified licensing procedures, golden licenses, infrastructure development, and improvements in the tax and service systems supporting industry.
The industrial sector ranked first in contributing to growth rates, and commodity exports saw a significant surge during the third quarter, growing by 54.4%, reflecting the results of production support programs and expanded export efforts, increasing the industrial sector’s ability to meet accelerating global demand. Changes in the global trade landscape have provided Egypt with an opportunity to strengthen its position as a reliable source, as countries seek to diversify supply chains. The government has capitalized on this through policies aimed at improving the competitiveness of Egyptian products and expanding the base of exporters. Continued support for the industrial sector as a driver of sustainable development is essential, and there is a call to accelerate initiatives to deepen local manufacturing and achieve a leap in non-oil exports, enhancing the economy’s ability to achieve real growth based on production and exports, contributing to the targets set in the 2025/2026 fiscal year socio-economic development plan, which aims for 4.5% growth.