Several key economic sectors in Egypt recorded strong growth during the first quarter. The tourism sector expanded by 13.8%, driven by improvements in service quality, infrastructure upgrades, and intensified promotional campaigns, which helped attract approximately 5.1 million visitors over the period.
A report from the Ministry of Planning, Economic Development, and International Cooperation highlighted that digital transformation and artificial intelligence applications have enhanced the overall tourist experience. The ministry anticipates a rise in tourist nights in the coming periods, particularly following the opening of the Grand Egyptian Museum, expected to draw around 5 million visitors annually.
These efforts have strengthened Egypt’s international tourism standing. The country maintained its position as the top tourist destination in Africa for the third consecutive year, according to the 2024/2025 Nation Brand Performance ranking by Brand Finance, an advisory firm affiliated with the World Economic Forum. Additionally, Egypt advanced six global positions, placing it among the world’s top 25 nations in tourism performance.
The report also noted solid growth across other sectors: financial intermediation rose 10.2%, electricity 5.4%, social services—including health and education—4.6%, and construction 3.3%. This diversified expansion reflects a broad and resilient economic growth base.
Meanwhile, the extraction sector contracted by 5.3%, due to declines in oil and natural gas activities by 6.6% and 10.9% respectively. However, the pace of contraction improved compared to the first quarter of the 2024/2025 fiscal year, which saw a drop of 8.85%. This improvement is attributed to around 75 new oil and gas discoveries since August and the addition of 383 new production wells. These developments are estimated to boost production capacity by 1.1 billion cubic feet of gas and 200,000 barrels of crude oil per day, saving approximately $6.7 billion in import costs.
Gross domestic product at constant prices reached EGP 2.34 trillion in the first quarter, up from EGP 2.23 trillion in the same period of the prior year.
The report emphasized a structural shift in investment patterns, with private investments growing by 25.9% and accounting for 66% of total investments, compared to 34% for public investments. This aligns with government policy to streamline public spending and empower the private sector to lead economic expansion.
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Egypt ranks among top 25 countries in global tourism performance, private investments grow 25.9%
Several economic sectors recorded high growth rates in the first quarter, with tourism activity growing by 13.8%, driven by improved tourism services, infrastructure development, and intensified promotion efforts, increasing the number of tourists to about 5.1 million in the quarter.
A report by the Ministry of Planning and Economic Development and International Cooperation indicated that digital transformation and artificial intelligence applications contributed to enhancing the tourism experience, expecting an increase in tourist nights in the coming periods, especially with the opening of the Grand Egyptian Museum, expected to attract about 5 million visitors annually.
The report clarified that these efforts reflected on the international performance of the tourism sector, as Egypt retained its leadership in the list of African tourist destinations for the third consecutive year according to the Nation Brand Performance 2024/2025 classification issued by Bloom Consulting, a consulting firm affiliated with the World Economic Forum, and Egypt also advanced six international ranks to become among the best 25 countries globally in tourism performance.
The report added that the financial intermediation, electricity, and social services sectors, represented by health and education, in addition to construction, recorded growth rates of 10.2%, 5.4%, 4.6%, and 3.3% respectively, confirming that this diversity reflects the strength and breadth of the economic growth base.
The report pointed out that the extraction sector witnessed a decline of 5.3% due to the contraction of oil and natural gas activities by about 6.6% and 10.9% respectively, but the pace of contraction improved compared to the first quarter of the fiscal year 2024/2025, which recorded -8.85%, explaining that this improvement came thanks to achieving about 75 new oil and gas discoveries since August, and adding 383 new wells to production, thus enhancing production capacities by about 1.1 billion cubic feet of gas, 200 thousand barrels of crude oil daily, and saving about $6.7 billion from the import bill.
The report also confirmed that the gross domestic product at constant prices reached EGP 2.34 trillion in the first quarter compared to EGP 2.23 trillion in the same quarter of the previous year.
The report explained that the first quarter data reflect a shift in the investment structure, where private investments recorded strong growth of 25.9%, accounting for 66% of total investments, compared to 34% for public investments, consistent with the state’s policy of rationalizing public investment and enabling the private sector to lead growth