Cairo: Minister of Finance Ahmed Kouchouk said on Monday, June 15, 2026, that the Egyptian economy continues to achieve solid growth despite ongoing regional developments and geopolitical challenges, expressing pride in the performance of Egypt's economy across its diverse sectors.
According to State Information Service Egypt, the Minister stated that the economy recorded a growth rate exceeding 5.2 percent during the first nine months of the current fiscal year, reflecting strong momentum across multiple sectors. The Minister of Finance emphasized that private investment remains the most important indicator of economic performance, with private-sector investments expanding by 70 percent during the previous year.
Kouchouk highlighted significant growth in exports of information technology services and digital consulting, noting that revenues from these sectors have increased sixfold compared with previous levels. Foreign direct investment during the first half of the current fiscal year exceeded US$7 billion. The tourism sector is experiencing growth, alongside continued expansion in telecommunications and manufacturing. Egypt maintains a healthy level of foreign exchange reserves, strengthening the economy's resilience.
The Minister noted that the progress and growth achieved by the Egyptian economy result from collective government effort, disciplined fiscal management, and a commitment to maintaining budgetary stability. He announced the allocation of EGP 1 billion to settle and disburse long-outstanding pension entitlements owed to former employees of Maspero, Egypt's state broadcasting and television complex.
Kouchouk stated that Egypt's state privatization and public offerings program is contributing to increasing investment, stressing that the program is progressing well and that proceeds are being reinvested to modernize companies and improve operational efficiency. The government aims to achieve sustainable productivity growth while enhancing the operational performance of state-owned enterprises.
He mentioned that several new offering transactions are being prepared and are expected to be launched soon. The Minister said 2026 will witness high-quality transactions, with the government fully committed to implementing previously announced offerings. The primary objective is to maximize returns on state assets and improve the utilization of underperforming or low-yield assets.
Kouchouk reiterated that the government's broader economic strategy focuses on enhancing efficiency, attracting private-sector investment, and generating sustainable growth, thereby strengthening the economy's capacity to create value and support long-term development objectives.