Egyptian Finance Minister Ahmed Kouchouk affirmed that the Egyptian economy offers diverse, attractive, and more competitive investment opportunities aimed at supporting manufacturing and exporting process.
He explained that the business climate is improving and called on local and international partners to expand their investment activities in Egypt.
Kouchouk said, during his meeting with members of the French Chamber of Commerce and Industry, that Egypt is targeting the attraction of investments across various productive, export-oriented, and technological sectors, and aims to make Egypt a hub for production and export.
He noted that the government seeks to reduce the debt of budgetary entities relative to GDP to below 80% by June 2026, adding that there is a clearly defined, more ambitious strategy to improve government debt indicators, based on innovative tools and the concerted efforts of all state institutions.
He added that the private sector has proven its ability to compete and has been able to lead economic activity in Egypt, explaining that a 73% increase in private investments last year means the injection of billions of pounds into economic projects.
Kouchouk stated: “We have chosen the approach of trust and partnership with the tax community, and we will continue to simplify procedures to encourage voluntary compliance.” He pointed out that a 35% increase in tax revenues last year, without imposing new burdens, reflects improved economic activity and the private sector’s positive response.
He stressed that efforts are underway to create new fiscal space to direct it toward social protection and increasing allocations for human development, as well as boosting social spending and channeling resources to vital sectors such as healthcare and the treatment of critical cases.
Kouchouk concluded by saying: “Thank you to the private sector… together we are moving in the right direction to enhance the competitiveness of our economy.”
For his part, Eric Chevallier, the French Ambassador in Cairo, said that tax and customs reforms are stimulating the path of “trust and partnership” with international investors, noting that the Egyptian economy is developing for the better, with higher growth and declining inflation. He added that the Egyptian government is pushing exports to access global markets.
Meanwhile, Emad El-Sanbati, the Chairman of the French Chamber of Commerce and Industry in Egypt, expressed his appreciation to the Minister of Finance for his keenness to engage in dialogue with the French business community in Egypt, as part of efforts to build bridges of trust and partnership with both local and foreign business communities.
He said that the business community looks forward to enhancing clarity and stability in fiscal and tax policies, continuing to simplify administrative procedures, accelerating the pace of digital transformation, and maintaining institutionalized and regular channels of dialogue with the private sector—contributing to supporting the investment climate, enhancing competitiveness, and achieving sustainable economic growth.
