Egypt is expediting efforts to achieve economic resilience amid the repercussions of geopolitical conflicts, prioritizing funding for basic citizen needs such as energy and food security, according to Kouchouk.
He added that the government aims to boost investor confidence in measures implemented to improve the economy as it moves towards stability, with new resources and opportunities emerging in investment, manufacturing, production, and exports.
These opportunities are supported by economic incentives as well as tax and customs facilitation measures, including allowing some transit shipments at ports to complete customs procedures without prior registration.
Due to external pressures, priority was given to transit shipments already experiencing delays caused by the US-Israel war on Iran, which has led to temporary capital flow pressures and disruptions in international supply chains, particularly in the energy sector.
Moreover, Egypt has introduced tax support measures, including a communication mechanism with taxpayers, to encourage compliance. These fall under its second tax facilitation package, which aims to expand the tax base rather than increase taxes, while also streamlining procedures.
According to the state budget for the new fiscal year, starting 1 July 2026, GDP growth is expected to reach 5.4 percent, with total investments projected at EGP 3.7 trillion in FY 2026/2027.
Priorities include improving living standards and quality of life, expanding private sector participation, and boosting productivity and economic competitiveness.
Furthermore, communication with investors is ongoing, alongside the release of transparent reports on Egypt’s current economic situation, said Nevine Mansour, advisor to the deputy finance minister for financial policies.
Mansour noted that Egypt achieved “strong financial performance” during the first nine months of FY 2025/2026, from July 2025 to March 2026, driven by increased private sector activity.
Egypt recorded a primary surplus of 3.5 percent of GDP, while the International Monetary Fund (IMF) projected growth of 4.7 percent for the current fiscal year.
The overall deficit stood at 5.2 percent during the same period. Tax revenues rose by nearly 29 percent, while external debt fell by around $4 billion.
Mansour’s remarks were reiterated during three separate meetings with the American investment bank Jefferies Financial Group, as well as Italian and other European investors, and stock market participants, organized by Italy’s largest banking group, Intesa Sanpaolo.
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