Egypt’s economy grew by 4.3 % in the second quarter of 2024-2025, a significant increase from 2.3% in the samer period in the previous year. This growth was driven by structural reforms, rising private sector investment, and fiscal and monetary adjustments by the government. Non-oil manufacturing led the growth with a 17.74% expansion, a sharp recovery from last year’s 11.56% contraction. The tourism sector also saw an 18% increase, while the Information and Communications Technoloogy sector grew by 10.4% benefiting from expanded digital infrastructure. Public investment, however, decreased by 25.7%, but private investment made up more than half of total investments. Minister of Planning, Rania Al-Mashat, emphasised a diversified and sustainable economy. Despite challenges like geopolitical tension and a slowdown in the extraction sector, economic reforms continue to be essential for Egypt’s competitiveness and economic stability. Egypt’s ongoing structural reforms, economic diversification, and increased exports are expected to continue supporting growth throughout the fiscal year.
