CAIRO – Private sector investments in Egypt surged to LE 133.1 billion during the first quarter of FY 2024/2025, making up 63.5 per cent of total investments and reflecting a 30 per cent growth compared to the same period last fiscal year.
Meanwhile, public investments experienced a sharp decline, contracting by 60.5 per cent to LE 57 billion, down from LE 144.4 billion in Q1 of FY 2023/2024, according to the Ministry of Planning, Economic Development, and International Cooperation.
Minister Rania al-Mashaat emphasised that these developments align with the government’s goal of increasing private sector contributions to 50 per cent of total investments by FY 2024/2025.
This objective supports Egypt’s Vision 2030, the State Ownership Policy Document, and structural economic reforms aimed at positioning the private sector as a primary driver of economic growth.
Efforts to secure concessional financing for the private sector have also borne fruit. Financing increased from $2.9 billion in 2023 to $4.2 billion in 2024, with contributions from key international partners such as the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), and the European Investment Bank (EIB).
These funds are directed toward strategic sectors, including renewable energy, SMEs, transportation, and industry. In contrast, concessional financing for the public sector fell to $3.1 billion in 2024 from $3.8 billion in 2023.
In December 2023, the Ministry of Planning launched an integrated platform to implement recommendations from the October 2022 Economic Conference.
Designed to harness innovative financing tools, the platform connects development partners, government entities, and businesses, enhancing transparency and providing over 85 financing and support services to boost private sector growth.
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