Chevallier said Egypt’s economy is improving, citing stronger growth and falling inflation driven by the state's efforts to boost exports and expand access to global markets.
Kouchouk highlighted investment opportunities in Egypt’s export and manufacturing sectors and urged local and foreign investors to expand their activities to support an improved business climate.
He said the government is working to create fiscal space to increase spending on social protection and human development, with a focus on healthcare for critical cases.
Investments in Egypt’s Universal Health Insurance System have so far reached EGP 48.5 billion, with up to EGP 20 billion set to be allocated to upgrading health facilities.
Kouchouk said the government aims to reduce the debt-to-GDP ratio to below 80 percent by June 2026 through fiscal discipline and by attracting investment across production, export-oriented, and technology-based sectors.
“We have chosen a path of trust and partnership with the taxpaying community, and we are continuing to streamline procedures to encourage voluntary compliance,” Kouchouk said.
He added that Egypt’s second tax facilitation package aims to create a more competitive, growth-friendly investment environment and follows recommendations by the International Monetary Fund (IMF) under its $8 billion Extended Fund Facility programme.
Private investment accounted for 73 percent of total investment in 2024, according to the finance minister.
He also said tax revenues rose by 35 percent over the same period, reflecting stronger economic activity and greater private sector engagement.
“Together, we are moving in the right direction to enhance our economy’s competitiveness,” Kouchouk said.
CCIFE President Emad El Sonbaty said the business community is seeking transparency and stability in fiscal and tax policies, faster administrative procedures, and expanded digital transformation.
He also called for stronger formal communication channels between the government and the private sector to support sustainable economic growth.
Economic ties between Egypt and France continue to deepen. In April, Data from the Central Agency for Public Mobilization and Statistics (CAPMAS) showed that bilateral trade reached $2.9 billion in 2024, up from $2.5 billion in 2023.
Egyptian exports to France rose to $1 billion in 2024 from $855.4 million in 2023, while imports from France increased to $1.8 billion from $1.7 billion.
In October, France renewed its cooperation agreement with Egypt, committing to invest 4 billion euros through 2030 in priority development projects.
In April, the two sides signed a 7 billion euro green hydrogen production, construction and financing agreement for a facility near Ras Shokair.
France, the European Union, and Egypt also signed agreements worth 262.3 million euros the same month to fund projects in water treatment, sanitation, renewable energy, and railways.
Around 160 French companies were operating in Egypt as of October 2025, making France the seventh-largest foreign investor and the third-largest European investor in the country.
Egypt has taken steps to simplify its tax system, including using artificial intelligence within the Egyptian Tax Authority to improve tax administration and taxpayer services.
Tax revenues are expected to increase in the 2025/2026 fiscal year, supported by reforms in tax administration, digitalization, and customs modernization.
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