Minister of Finance Ahmed Kouchouk highlighted on Friday that the state’s efforts to improve economic performance through balanced fiscal policies will continue in the coming period.
The minister has made it clear that Egypt “is not competing with anyone”, but rather seeks to increase the competitiveness of its economy and support development and economic growth efforts.
Kouchouk’s remarks were made during a business forum, organised by the British Egyptian Business Association (BEBA) in London.
He called on local and international investors to make optimal use of the economic opportunities available in Egypt.
BEBA held a business mission to the UK titled: “Egypt’s New Era: Investment Opportunities” on July 16-18, 2025. The mission comprised high-level events that brought together UK business leaders and investors with senior figures from Egypt’s economic leadership to explore new opportunities and strategic partnerships.
Improved business environment
Minister Kouchouk highlighted Egypt’s role as a gateway to many countries, attributing this to its competitive growth structure. He stated, “We will work to attract new investments while localising manufacturing and technology. We are committed to improving the business environment and implementing real, tangible reform plans.”
He further explained that the government is collaborating as a team to enact economic reforms, achieve financial stability, boost confidence, and build integrated, sustainable policies to ensure continued positive economic developments. Kouchouk also affirmed the state’s commitment to ongoing tax and customs reforms to simplify procedures, reduce costs, and shorten clearance times, ultimately attracting more investments.
Int’l co-operation
Minister Kouchouk informed the attendees that his ministry will collaborate with several specialised international organisations. This co-operation aims to offer investors state-of-the-art services and boost investment rates. He stressed that all financial allocations should significantly benefit the economy, investors, and citizens.
“We’ve doubled allocations for economic activities, with LE45 billion in the current state budget specifically to support exports,” he stated.
“We aim to bolster industrial sector expansion and reduce burdens, ensuring competitiveness and export capacity.”
He reiterated that Egypt’s economic reforms aren’t “temporary achievements,” but rather a continuous journey to build confidence and establish predictable, evolving policies. He added that the priority is to diversify the economy’s resources, boost productivity and investment rates, and drive innovation.
Enhanced financial performance
Minister Kouchouk announced that Egypt’s financial performance is improving, citing a positive outlook. He stated: “We achieved very good results during the past fiscal year despite global economic challenges.”
The minister also noted that the private sector significantly contributed to this growth, evidenced by a 77 per cent increase in private investments and a 33 per cent growth in non-oil exports.
Kouchouk explained that when the private sector expands, it fosters an environment conducive to foreign investment. This growth then has a positive effect on tax revenues. He highlighted that tax revenues in the previous fiscal year rose by 35 per cent, without any new taxes or increased burdens.
