Egypt eyes 4% economic growth amid structural reforms

CAIRO – 4 March 2025: Egypt’s economy is set to reach a 4 percent growth rate by the end of the current fiscal year, according to Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation. In a recent interview on CNN’s Marketplace Middle East with Richard Quest, she also projected that growth could rise to 4.5 percent in the next fiscal year.

Despite global economic uncertainties, Egypt has maintained stability and predictability, Al-Mashat stated. She emphasized the government’s commitment to structural reforms, which are designed to ensure long-term economic stability and position Egypt as a key regional export hub to Europe.

The minister highlighted Egypt’s robust industrial sector, which spans cement, steel, plastics, and processed foods, playing a critical role in strengthening manufacturing value chains. She also underscored the country’s strategic transition toward tradable sectors, a shift aimed at enhancing the competitiveness of Egyptian products in global markets.

Regional collaboration was another key focus, with Al-Mashat pointing to economic partnerships with Jordan, Iraq, and other nations as crucial drivers of economic integration and growth. She also cited major infrastructure projects, including the electricity interconnection with Saudi Arabia, which bolsters Egypt’s regional energy network and solidifies its role as a major transit hub for submarine internet cables in the Red Sea.

Al-Mashat concluded by reaffirming Egypt’s dedication to fostering private sector-led growth, supported by ongoing structural reforms that create an attractive investment climate for both local and international businesses.