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Home Egypt

‘Egyptian economy moving in right direction’

by Gazette Staff
June 4, 2026
in Egypt, Local
'Egyptian economy moving in right direction' 11 - Egyptian Gazette
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Egypt’s Minister of Finance, Ahmed Kouchouk, has welcomed growing international investor interest in Egypt’s economic progress and investment opportunities.

Speaking during a series of open discussions with investors at three events organised by Jefferies, JPMorgan, and HSBC on the sidelines of his visit to London on Thursday, Kouchouk said the Egyptian economy is moving in the right direction, with the government continuing efforts to boost production and exports as key drivers of growth and development.

“We are working tirelessly to ensure that Egypt remains a stable and attractive investment destination for both domestic and foreign private-sector investors,” the minister said.

Kouchouk highlighted Egypt’s competitive advantages, including its strategic geographic location, advanced infrastructure, large and growing market, and a young workforce capable of driving innovation and productivity.

He noted that investor confidence in the Egyptian market is steadily strengthening, describing the positive sentiment as a strong incentive to press ahead with the country’s economic reform agenda.

The minister said economic indicators for the first nine months of the current fiscal year reflect continued improvement in economic activity, adding that the government is working to increase private-sector participation across the economy by fostering a more efficient and business-friendly environment.

Kouchouk explained that ongoing tax, customs, and real estate reforms are aimed at simplifying procedures, reducing burdens on businesses, and complementing broader investment incentives.

He also stressed that Egypt is seeking to diversify its financing instruments, funding sources, and target markets while ensuring a sustained downward trajectory in budget-sector debt.

The minister added that the government aims to expand debt-for-investment swap programmes across a wide range of sectors, particularly in human development, through innovative financing mechanisms that support sustainable economic growth.

Tags: EconomyEgyptFinanceJP MorganTop_News
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