1 Day
Source:
بوابة الشروق
_1777352244987_250242181.png&w=48&q=75){kind=small}
Egyptian Economy Achieves Progress
Egyptian Foreign Minister Sameh Shoukry affirmed that Egypt has achieved significant economic milestones in recent years. For the second consecutive year, it has maintained its leading position in attracting foreign direct investments in Africa. These successes reflect investors' confidence in the Egyptian economy and the state's commitment to implementing an economic reform program, which has resulted in a GDP growth rate of approximately 5% by the end of the third quarter of the 2023/2024 fiscal year. Additionally, the government has launched the State Ownership Policy Document, establishing a cap on government investments to strengthen the role of the private sector. This has contributed to private investments reaching about 63%, and sectors such as electric vehicles, pharmaceuticals, and technology have been opened, with a focus on structural reforms to address global economic challenges.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)