Goldman Sachs economist, Farouk Soussa indicated that estimates suggest the ministry received approximately EGP 240 billion from the initial tranche of the Ras El Hekma deal with the UAE
Public investments for the upcoming fiscal year are capped at EGP 1 trillion to bolster private sector involvement, aiming to raise private investment to 50% of total investments, up from 40% this year
Former official highlights Ras El Hekma project's role as a game-changer in Egypt's development landscape.
Egypt managed to stabilize the total deficit at 5.42%. To further stimulate economic growth, investments financed by the state's public treasury have decreased by 19%, creating space for increased participation from the private sector.
New study underscores the need for legal reforms to encourage local startup investment.,
