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.
In exclusive remarks to Egyptian Television late Sunday, the Minister said 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, noting that private-sector investments expanded by 70 percent during the previous year.
Kouchouk further highlighted the remarkable growth in exports of information technology services and digital consulting, revealing that revenues from these sectors have increased sixfold compared with previous levels. He added that foreign direct investment during the first half of the current fiscal year exceeded US$7 billion.
He further said that the tourism sector is also experiencing robust growth, alongside continued expansion in telecommunications and manufacturing. He added that Egypt maintains a healthy level of foreign exchange reserves, further strengthening the economy’s resilience.
The Minister further said that the progress and growth achieved by the Egyptian economy are the result of a collective government effort, reflected in disciplined fiscal management and a commitment to maintaining budgetary stability without deviation from established targets.
He also 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 said that Egypt’s state privatization and public offerings program is contributing directly to increasing investment, stressing that the program is progressing “very well” and that a portion of the proceeds is being reinvested to modernize companies and improve their operational efficiency.
The Minister asserted that the government is focused on achieving sustainable productivity growth, while enhancing the operational performance of state-owned enterprises. He noted that several new offering transactions are currently being prepared and are expected to be launched in the coming period.
Kouchouk said 2026 will witness a number of high-quality transactions, emphasizing the government’s full commitment to implementing the offerings previously announced. He underscored that the primary objective is to maximize returns on state assets and improve the utilization of underperforming or low-yield assets.