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China-Africa Trade Information Service
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Egypt’s agricultural exports reached $10.6 billion in 2024, reflecting a 17 percent growth rate, according to Prime Minister Mostafa Madbouly during a press conference following the weekly government meeting.
Highlighting broader economic progress, Madbouly revealed that the non-oil public sector index has climbed to 50.7, the highest level in four years.
The Prime Minister announced that Egypt will soon disclose details of a new oil and gas discovery in the King Marriott area, signaling a potential boost to the energy sector and reinforcing Egypt’s position as a regional energy hub.
In a move to stimulate innovation and investment, Egypt is preparing to unveil a large-scale financing package aimed at supporting startups. This initiative is expected to foster entrepreneurship, encourage technological advancement, and strengthen Egypt’s startup ecosystem.
Madbouly highlighted a notable increase in remittances from Egyptians abroad, contributing to a strong inflow of hard currency.
These remittances play a key role in bolstering foreign exchange reserves and enhancing economic stability.
The Prime Minister emphasized Egypt’s growth potential in the technology and information systems sector, identifying it as a key driver for future economic development.
One of the government's major digital transformation projects, the Digital Egypt Pioneers Initiative, has been launched under the directives of President Abdel Fattah El-Sisi.
The program aims to equip young Egyptians with digital skills through specialized training in technology and information systems.
Set to begin at the end of the second quarter of this year, the Digital Pioneers Initiative will be funded by the Tahya Misr Fund in coordination with the Ministry of Communications.
The initiative is expected to strengthen Egypt’s digital economy and prepare a highly skilled workforce for the evolving tech industry.
