Egypt

Private Sector would be “Locomotive” to Economic Recovery in 2024

Egyptian Finance Minister Mohamed Maait asserted that the Egyptian economy was resilient in front of the repercussions of the global crises and their cruel impact within the past years starting from coronavirus pandemic and geopolitical tensions.

The Egyptian economy was able to deal with the internal and external challenges positively, Maait said, adding that the private sector would be “a locomotive” to economic recovery in 2024.

In statements, on Tuesday 26/12/2023, Maait said that the state exerts tangible efforts to set the environment for local and foreign investments to encourage the Egyptian investor and international partners to benefit from the competitive incentives of the Egyptian economy to increase productive and exports expansions.

He said that the government adopts national programmes supporting the green investments in accordance with the efforts combating climate change and to contribute to the developmental track.

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