Minister of Planning and Economic Development Ahmed Rostom held talks on Wednesday, September 30, 2026, with a high-level delegation from international credit rating agency Fitch to review the latest indicators of Egypt’s economic performance and the government’s efforts to advance economic and structural reforms amid prevailing geopolitical and regional challenges.
During the meeting, Rostom said Egypt’s economy grew by 5.1% in fiscal year 2025/2026, compared with 4.4% in the previous fiscal year. He attributed the improved performance to robust growth in productive and service sectors with high added value, particularly non-petroleum manufacturing and information and communications technology (ICT).
Rostom also highlighted the resilience of the transport and logistics sector, pointing to the continued growth in Suez Canal revenues and activity despite exceptional challenges affecting maritime traffic in the region. He said the performance reflected the resilience of the Egyptian economy and its capacity to withstand external shocks.
The minister reviewed positive developments in key macroeconomic indicators, noting that government policies had helped place inflation on a sustained downward path, reaching 12.7% in August 2026. He added that unemployment fell to 5.8% in the second quarter of 2026, reflecting the resilience of the labor market and the economy’s capacity to generate employment opportunities.
Rostom reaffirmed the government’s commitment to implementing its economic and structural transformation program to enhance competitiveness. He said a package of measures and policies had been adopted to create an attractive investment climate for domestic and foreign private-sector investment, with a focus on export-oriented, productive and labor-intensive sectors.
He stressed that the ultimate goal of these reforms extends beyond improving financial indicators, focusing primarily on ensuring that economic growth and development translate into improved living standards for Egyptian citizens and enhanced quality of public services.
Rostom also outlined the economic outlook, expressing expectations that the recovery would continue, with growth projected to reach between 5.2% and 5.4% in the current fiscal year. He attributed the expected improvement to anticipated expansion in private-sector investment and positive developments in promising economic sectors.
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