Egypt’s economy one of region’s fastest growing: el Saeed

The Egyptian economy continues to improve amid praise by international institutions for the country’s economic reform program, making the state’s economy one of the region’s fastest growing economies, said Planning Minister Hala el Saeed.

Egypt has achieved a progress in the 2019 Global Competitiveness Index compared to the previous year at eight main pivots, the minister said, noting that Egypt’s rank jumped to the 93rd.

According to the competitiveness report, which was issued by the World Economic Forum, Egypt’s economy realized an improvement in 53 sub indexes, along with seven others newly-added indices to the 2019 report regarding the performance of institutions.

As for the infrastructure pivot, the Egyptian economy leaped four spots and was ranked the world’s 53rd, the minister added.