PM: Egypt’s economy will return to normal by end of 2024

Prime Minister Mostafa Madbouli has said the State targets a 15-20 percent growth in annual exports, currently standing at $53 billion, so they surpass $145 billion by 2030.

Egypt’s economy will return to normal by the end of this year, the premier a…

Prime Minister Mostafa Madbouli has said the State targets a 15-20 percent growth in annual exports, currently standing at $53 billion, so they surpass $145 billion by 2030.

Egypt’s economy will return to normal by the end of this year, the premier added at the conclusion of an inspection tour of some factories in the 10th of Ramadan industrial city, about 55 km from Cairo on the Cairo-Ismailia Desert Road, on Saturday 30/03/2024.

He said the Suez Canal Economic Zone (SCZone), a world-class free zone and trade hub along the banks of the newly-expanded Suez Canal, had recently inked a number of contracts worth billions of dollars with global investors, which will create thousands of job opportunities.

Madbouli said the dollar crisis is about to be over, noting that he had been following up foreign exchange inflows with the CBE governor on a daily basis.

However, it would take some time for everything to return to normal, Madbouli pointed out.

Source: State Information Service Egypt