Egypt economy shows resilience against shocks: planning minister
Minister of Planning and Economic Development Ahmed Rostom affirmed that the Egyptian economy has demonstrated clear resilience against regional and global geopolitical shocks, noting that performance indicators reflect established stability, with growth reaching five percent in Q3 of the last fiscal year and 5.2 percent over the first nine months. This came during his meeting … The post Egypt…
Egypt's economy has proven resilient despite regional and global geopolitical disruptions, according to Planning Minister Ahmed Rostom. During a meeting with Forbes Global Properties CEO Michael Gilbert and Magnom Properties CEO Maged Marei, Rostom highlighted impressive performance metrics, with growth rates of 5% in the third quarter of the previous fiscal year and 5.2% over the first nine months.
The minister emphasized the real estate sector's crucial role in advancing Vision 2030's sustainable development goals, noting its transformation into a key growth driver that fuels numerous related industries and stands as one of the largest employers in the nation. Rostom concluded by reiterating the government's dedication to supporting investment initiatives and implementing the State Ownership Policy Document, aiming to expand the private sector's role in development and elevate citizens' quality of life.
Written by urgent.news from Egypt Independent's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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