The state intends to achieve strategic transition for making economic growth through stimulating investments and localizing industry, Minister of Planning, Economic Development and International Cooperation, Rania Al-Mashat, said.
The minister, who is also Egypt’s Governor at the World Bank Group, made her remarks on Saturday 26/4/2025 to comment on the group’s recently-issued report that expects the increase of Egypt’s economic growth to 3.8 percent in the current fiscal year and 4.2 percent in the next FY.
She also cited the International Monetary Fund’s (IMF) report that expects the rise of Egypt’s economic growth to 3.8 percent in the current fiscal year and 4.3 percent in the next FY.
Such expectations reflect the outcomes of structural reforms made by the state, Al-Mashat said, highlighting the government’s efforts on offering investment incentives, localizing industry, simplifying procedures and cutting time for tax clearance, among others.
Minister: State keen to achieve economic growth based on investments, industry localization Egypt Independent.
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