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JICA sees strong recovery for Egypt

Businessmen Team news 25 August 2025 02:12 PM
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JICA sees strong recovery for Egypt

The Japan International Cooperation Agency (JICA) has reported that the Egyptian economy continued its strong recovery, posting a growth rate of 4.77% in the third quarter of fiscal year 2024/2025.

JICA noted this is the highest quarterly growth rate in three years, a significant jump from 2.2% during the same quarter last year.

According to the agency, the growth in the manufacturing sector was tied to a notable improvement in export performance, reinforcing the industrial sector's role as a key driver of the economy.

The announcement comes after intensive meetings in Yokohama between JICA officials and a high-level Egyptian delegation, including Prime Minister Dr. Moustafa Madbouly and Minister of Planning and Economic Development Dr. Rania Al-Mashat. The meetings took place on the sidelines of the Ninth Tokyo International Conference on African Development (TICAD 9).