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Private sector would be “locomotive” to economic recovery in 2024: Finance min.

December 26, 2023
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Egyptian Gazette
Home Business

Private sector would be “locomotive” to economic recovery in 2024: Finance min.

by Gazette Staff
December 26, 2023
in Business, Egypt
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Egyptian Finance Minister Mohamed Maeet asserted that the Egyptian economy was resilient in front of the repercussions of the global crises and their cruel impact within the past years starting from coronavirus pandemic and geopolitical tensions.

The Egyptian economy was able to deal with the internal and external challenges positively, Maeet said, adding that the private sector would be “a locomotive” to economic recovery in 2024.

In statements on Tuesday, Maeet said that the state exerts tangible efforts to set the environment for local and foreign investments to encourage the Egyptian investor and international partners to benefit from the competitive incentives of the Egyptian economy to increase productive and exports expansions.

He said that the government adopts national programmes supporting the green investments in accordance with the efforts combating climate change and to contribute to the developmental track.

 

Tags: economic recoveryFinance MinisterLocomotiveprivate sector

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