Egypt's Finance Minister, Dr. Mohamed Maait, reaffirmed the Ministry's commitment to promoting promising economic and investment opportunities in Egypt. Dr. Maait outlined the dimensions of the new economic trajectory, which is anchored in supportive structural reforms aimed at driving private sector-led growth, stability, and economic development.

Despite the harsh impacts of global and regional economic crises, the Minister highlighted significant improvements in financial performance indicators during the first nine months of the fiscal year 2023/2024.

The Ministry's Investor Relations Unit engages in ongoing dialogue with approximately 2,000 investment institutions worldwide, providing timely and accurate economic performance data, including simplified guides on tax incentives and addressing potential economic risks.

International Acclaim for Egypt's Economic Success Amid Global Challenges

Egypt's economic achievements have garnered international praise, surpassing targeted indicators over the past nine months despite the severity of global and regional crises.

With a surplus of 3% of GDP totaling EGP 416 billion and annual growth rates exceeding 8.5 times, Egypt has witnessed a remarkable increase in non-tax revenue by 122.9%. Despite economic challenges, the country has maintained stability with a total deficit of 5.42%.

Investments funded by the state treasury have decreased by 19%, allowing greater space for private sector involvement.

These achievements reflect Egypt's commitment to economic reform and fiscal sustainability.

Egypt's Finance Ministry remains steadfast in its efforts to promote economic resilience and attract investments amid global economic turbulence. Through strategic reforms and transparent communication with investors, Egypt has demonstrated remarkable progress in fiscal performance, exceeding expectations despite significant challenges.

The country's commitment to sustainable economic growth and fiscal responsibility positions it favorably on the global stage, garnering international acclaim for its achievements. As Egypt continues on its path of economic reform, collaboration between the public and private sectors will be key to unlocking further opportunities and driving long-term prosperity.