Private sector drives 63.5% of Egypt’s Q1 investments, says PM

Private sector investments surged to 63.5 per cent of Egypt’s total investments in the first quarter of the current fiscal year, signaling a significant shift toward private sector-led development, Prime Minister Mostafa Madbouly said on Wednesday.

“This milestone highlights our commitment to empowering the private sector as a key driver of growth,” Prime Minister Madbouly told a press conference. He noted that private sector investments grew by an impressive 30 per cent compared to the same period last year, reflecting genuine economic expansion rather than a reduction in public sector contributions.

The prime minister reiterated the government’s dedication to fostering an environment where private businesses can thrive, emphasising that the latest figures confirm previous promises to support and prioritise private sector participation in Egypt’s development agenda.

Attribution: Amwal Al Ghad English