Minister Al-Mashat presented Egypt’s economic reform story, discussing recent positive economic developments and the progress of the National Structural Reform Program. She highlighted its goals maintaining macroeconomic stability, improving the investment climate and business environment, and accelerating the transition to the green economy.
She explained that the National Narrative for Economic
Development provides a comprehensive, time-bound list of structural reforms
being implemented with the participation of 25 national entities.
The Minister emphasized the government’s commitment to empowering
the private sector through several key initiatives: Government IPOs (Initial
Public Offerings), Governance of state-owned companies, and maximizing asset
utilization via the Sovereign Fund.
She underscored the complete integration among state
entities to achieve tangible progress, thereby enhancing the private sector's
role in economic development.
Al-Mashat noted a significant increase in private sector
investments in the local market, encompassing both Foreign Direct Investment
(FDI) and concessional development financing aimed at broadening investment
prospects. She affirmed Egypt's continued commitment to implementing reforms to
boost economic competitiveness.
Finally, the Minister stated that Egypt's success in achieving the historic peace agreement and the cessation of the war on Gaza strengthens international confidence in the Egyptian economy, supporting its positive outlook and contributing to greater stability in the Middle East region.