CAIRO – Egyptian Minister of Finance Ahmed Kouchouk on Sunday said that the Finance Ministry seeks to increase the volume of US investments in the vital sectors along with transferring cutting-edge technologies, with a view to turning the Egyptian market into a regional hub for production and exportation.
Kouchouk made the remarks during a meeting with members of the US Chamber of Commerce on the fringe of his participation in the 2025 Spring Meetings of the World Bank Group (WBG), the International Monetary Fund (IMF) and the G20, that took place in Washington between April 21-26.
Egypt’s macroeconomic indicators have witnessed remarkable improvement, Kouchouk said, noting that Egypt’s financial policies have struck a balance between maintaining financial discipline and pushing forward economic development through the private sector.
He added that stimulating production, exportation, manufacturing and tourism is placed at the top of priorities of the new budget for the new fiscal year 2025-2026.
The core of tax and customs reforms relies on building trust, partnership, and certainty with the business community, the minister said.
He added that the financial performance outcomes in nine months are “encouraging and ambitious,” reflecting the significant potential of the Egyptian economy.
Kouchouk further highlighted the promising investment opportunities in the Egyptian economy for the local and foreign private sector.
The minister added that the state is mobilizing all its economic capabilities to attract more local and foreign investments alongside enhancing the competitiveness of the Egyptian economy at the regional and international levels.
