Egypt launches 500 bold reforms to supercharge private sector growth

Egypt implemented nearly 500 reforms between May 2022 and December 2024 to boost private sector participation.

Reforms aimed to increase private sector GDP contribution, create jobs, attract investment, and enhance exports.

Six key areas of reform:

Monetary policy and exchange rate flexibility.

Promoting competition and competitive neutrality.

Supporting the industrial sector.

Improving the investment climate and business environment.

Reforming legal and regulatory frameworks.

Implementing the State Ownership Policy Document.

189 reforms focused on improving the business environment and supporting investment (37.8% of total reforms).

134 reforms encouraged the industrial sector (26.8% of total reforms).

321 reforms were implemented in 2024, with a focus on investment support, framework reform, and industry encouragement.

Monetary policy reforms included the Central Bank of Egypt’s shift to a flexible inflation-targeting framework.

Egypt’s FDI reached $46.1B in FY 2023/2024, and portfolio investments totaled $14.5B in net inflows.

The industrial sector saw growth with 218 new project contracts worth $5.1B, and exports rose 14% to $40.8B in 2024.

Private sector GDP contribution increased to 74.8% in FY 2022/2023, with 81.3% of new jobs created by the private sector in 2023.

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