We work according to an ambitious economic vision based on structural reforms that enhance the flow of private investment

Our financial policies strongly support the path of empowering the domestic and foreign private sector to enhance our production and export capacities

We have achieved stimulating financial results during the past nine months supported by remarkable growth of economic activities

Financial and economic performance indicators have improved strongly over the past nine months

We recorded the highest tax revenue in years at 38% without imposing new burdens as we started the path of partnership with the business community

We achieved the highest primary surplus of 2.5% of GDP despite the decline in the revenues of the Suez Canal and the petroleum sector

The private sector accounts for 59% of total investments during the first half with an annual growth rate of 80%

During the first half of the year, we witnessed strong growth of the tourism sectors by 13.1%, non-petroleum manufacturing by 12.4%, communications and information technology by 15.1%

We are working to develop and simplify the customs system to stimulate investment and maximize the competitiveness of the Egyptian economy

Continuing to drive the path of tax and customs facilities to localize the industry and attract more foreign investments

The strategic relations between Egypt and France encourage the growth of economic partnership in various priority sectors

We look forward to more investment partnerships between the Egyptian and French private sectors to serve the SDGs

 

 

 

Minister of Finance, Ahmed Kouchouk, assured that the Egyptian economy is moving at a good pace and provides great investment opportunities, explaining that we are working according to an ambitious economic vision based on structural reforms that enhance the flow of private investments, bearing in mind that our financial policies strongly support the path of empowering the domestic and foreign private sectors to enhance our production and export capacities.

 

Kouchouk told representatives of major French companies during the MENA Investment Forum in Cairo that we have achieved stimulating financial results during the past nine months, supported by remarkable growth in economic activities, pointing out that financial and economic performance indicators have strongly improved during the past nine months.

 

He added that we recorded the highest tax revenues in years at 38% without imposing new burdens by starting the path of trust and partnership with the business community and applying the tax facilitation package, explaining that we achieved the highest primary surplus of 2.5% of GDP despite the decline in the revenues of the Suez Canal and the oil sector.

 

He pointed out that the private sector accounts for 59% of the total investments during the first half of the current fiscal year with an annual growth rate of 80%, stressing that we witnessed strong growth during the "first half of the year" of the tourism sectors by 13.1%, non-petroleum manufacturing industries by 12.4%, communications and information technology by15.1%.

 

The Minister explained that we are working to develop and simplify the customs system to stimulate investment and maximize the competitiveness of the Egyptian economy, pointing out that we continue to drive the path of tax and customs facilities to localize the industry and attract more foreign investments.

 

He stressed that the strategic relations between Egypt and France are encouraging for the growing economic partnership in various priority sectors, explaining that we look forward to more investment partnerships between the Egyptian and French private sectors to serve the sustainable development goals.