She highlighted its increasing role in supporting GDP growth, especially with the state’s expansion in infrastructure that supports trade and export movements.
Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, emphasized that the transport and logistics sector has become one of the main drivers of economic growth over the past four to five years.
She highlighted its increasing role in supporting GDP growth, especially with the state’s expansion in infrastructure that supports trade and export movements.
During her speech at the bell-ringing ceremony celebrating the completion of Egytrans’ acquisition of Nosco at the Egyptian Stock Exchange, Al-Mashat explained that the current model of the Egyptian economy is based on enhancing exports and improving competitiveness, along with empowering the private sector through the government’s program of exiting several sectors, which allows companies to expand their businesses and capitalize on promising growth opportunities.
The Minister pointed out that the exit of the National Investment Bank from Egytrans’ ownership structure is a clear example of enabling policies, as it allowed the company to move forward with the acquisition of Nosco.
She added that increasing the private sector’s presence in economic activities raises competitiveness within the local market, reflecting the continued implementation of structural reforms that state institutions have been working on in recent years.
Al-Mashat affirmed that the Egytrans–Nosco deal is a practical example of these reforms.
The Minister also noted that Egypt’s economic indicators show a remarkable diversification of sectors contributing to GDP, with growth drivers spread across industry, tourism, and information technology sectors.
This creates a more resilient and productive economic model capable of withstanding global changes.
