DAVOS, Switzerland Jan 23 – Egypt’s overall private investment grew by 73% last year, Finance Minister Ahmed Kouchouk said on Thursday, underscoring the government’s efforts to strengthen private sector participation in the economy.
Kouchouk made the remarks during a session at the World Economic Forum in Davos, Switzerland, as Egypt continues to implement reforms aimed at improving the investment climate and attracting domestic and foreign capital.
The government has been pursuing measures to reduce the state’s footprint in the economy, ease regulatory bottlenecks, and expand opportunities for private investors across key sectors.
Officials have said boosting private investment is critical to supporting economic growth, creating jobs, and easing pressure on public finances as Egypt navigates fiscal and balance of payments challenges.
Kouchouk did not provide a breakdown of the investment growth by sector but said private capital is playing an increasingly central role in Egypt’s economic strategy.
