Egypt private sector: Sweeping reforms to support private sector

The Egyptian government has implemented a set of reforms to boost the private sector and improve the business environment, aiming to increase its contribution to the economy, the Information and Decision Support Centre (IDSC) said on Thursday.

The private sector’s share in total investments climbed to 37 per cent during the fiscal year 2023/2024. The government has set an ambitious plan for increasing this figure to 48 per cent in the upcoming fiscal year, as outlined in the state’s economic plan.

The government has implemented 293 reform measures between May 2022 and June 2024 to enhance exchange rate flexibility, foster competition, support industrial growth, improve the investment climate, and implement the State Ownership Policy Document.

Attribution: The Cabinet’s statement

Subediting: M. S. Salama