Press Release
Minister of Finance Outlines Egypt’s Economic and Capital Market Outlook at Capital Markets Summit
Minister of Finance Ahmed Kouchouk affirmed that the Egyptian market has become more attractive to investment, noting that the private sector has injected additional capital into various economic sectors. He pointed out that indicators for both domestic and foreign investment are positive and reflect the competitiveness of the financial and productive sectors.
Speaking at the 9th Capital Markets Summit, the Minister highlighted the growing number of companies operating in the Suez Canal Economic Zone as well as across all industrial and investment zones, contributing to increased volume and diversification of Egyptian exports.
The Minister explained that new incentives have been introduced to encourage large companies to list, register, and invest in the Egyptian Exchange.
He emphasized ongoing efforts to reduce burdens and obligations through simplified mechanisms within the facilitation framework, aimed at expanding the tax base and improving public services.
He stated that Egypt is striving for broader financial inclusion with lower risks and positive returns and outcomes that meet the aspirations of all stakeholders.
He added that the recent increase in demand for securities has contributed to a decline in interest rates and inflation levels.
Kouchouk stressed that public interest and inquiries regarding the improvement of debt indicators are appreciated, stating: “We are working intensively to improve the debt indicators of budgetary entities, and we are committed to reducing external debt by approximately USD 1–2 billion annually.”
He added that the government aims to diversify financing sources and instruments and extend debt maturities in order to meet financing needs at the lowest possible cost and over the longest repayment periods.
The Minister noted that international bond investors have responded very positively to the improvement in Egypt’s economic and financial indicators, with yields on international bonds declining by approximately 4 percent. This, he said, reflects improved risk perception and growing investor confidence.
He confirmed plans to issue international bonds worth USD 2 billion during the coming period up to June 2026.
He further explained that Egypt has recently witnessed strong demand for five-year bonds and is preparing to issue retail bonds for individual investors in the near future.
He also pointed out that the cost of credit default swaps has declined significantly, approaching levels seen in countries with higher credit ratings.
Browse alsoMinister of Finance in an Open Dialogue with 250 Leading Turkish Investors in El Alamein via Video Conference
Next article