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Finance Minister aims to attract top firms to Egypt stock market
Minister Ahmed Kajouk emphasized that the private sector regained strong momentum over the past year, capturing 63% of total investments and increasing by 32%. This contributes to strengthening Egypt's economic growth. He pointed to improvements in foreign direct investment performance and expects further growth with new projects in energy and manufacturing industries. He also confirmed that the Egyptian stock market is experiencing a significant improvement, supported by tax reforms and financial incentives, with a focus on attracting major companies to register and increasing trading activity. Additionally, he highlighted that the government continues to streamline tax procedures and improve services to enhance compliance and expand the taxpayer base, which in turn strengthens the economy and creates jobs rapidly.
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