Egypt’s Minister of Finance Ahmed Kouchouk Saturday said that EGP 45 billion had been disbursed during the last fiscal year to support economic, productive, industrial, and export activities, within the framework of the state’s efforts to stimulate investment and back the growth of vital sectors.
The state’s economic activity showed improvement, with the private sector proving its ability to grow and compete, accounting for nearly 60 percent of total investments, the minister said during a press conference that took place Saturday to review the financial performance outcomes for FY 2024-2025.
Kouchouk said that EGP 14.3 billion had been allocated to support industrial and agricultural activities, contributing to boosting local production and creating new job opportunities.
He added that EGP 18 billion had been disbursed to support export activities and settle outstanding dues owed to exporting companies.
The minister further highlighted remarkable growth in non-oil manufacturing industries, tourism, as well as the information and communications technology sector.
