Strong growth in the non-petroleum manufacturing, tourism, communications, and information technology sectors.

Minister of Finance, Ahmed Kouchouk, affirmed that the economic activity is improving, and that the private sector proved its ability to grow and compete, accounting for approximately 60% of total investments, and there is strong growth in the non-petroleum manufacturing, tourism, communications, and information technology sectors.

 

During a press conference, Kouchouk said that around EGP 45 billion was disbursed within the past fiscal year to support economic, production, industrial, and export activities, as part of the state's commitment to stimulating investment, supporting vital sectors, and bolstering their ability to expand and grow.

 

"EGP 14.3 billion is allocated to support industrial and agricultural activities. This will contribute to stimulating local production and providing new job opportunities," Kouchouk added. "EGP 18 billion was disbursed to support export activities and pay the receivables of exporting companies."