In the first quarter of FY2024/2025, private sector investments surged to LE 133.1 billion, constituting 63.5 percent of total investments and marking a 30 percent growth compared to the previous year. In contrast, public investments saw a significant decline, dropping by 60.5 percent to LE 57 billion, down from LE 144.4 billion in the same period of FY2023/2024.
At the heart of the crisis was the Egyptian pound, which plummeted to a record low of 70 to the USD on the parallel market, far from the official rate of LE 30.95.
The ECA also ensures the confidentiality of submitted data and has practical experience in ex-ante merger control, particularly in the healthcare and pharmaceutical sectors.
Prime Minister Madbouly commended the Arab financial institutions for their steadfast support of Egypt in recent years, which has contributed to the financing of major development projects in the country.
