President Abdel Fattah El-Sisi emphasized the successful track record of Turkish textile and garment investors in Egypt, stating that their contributions are a vital component of the sector's exports.
In a joint press conference with his Turkish counterpart, Recep Tayyeb Erdogan, He warmly welcomed the expansion of Turkish investments into other high-value-added industrial sectors.
Moreover, President Sisi noted that Egypt encourages Turkish investment in new fields, most notably the chemical and healthcare industries.
He also highlighted that these sectors provide significant added value to the national economy, create job opportunities, and facilitate the transfer of industrial and technological expertise.
Furthermore, Sisi explained that over the past two years, Egypt has remained committed to its economic reform program in cooperation with the International Monetary Fund (IMF).
He revealed that the Egyptian economy recorded a growth rate of 5.3% during the first quarter of the fiscal year 2025/2026, signaling a strong improvement in economic performance.
Furthermore, President El-Sisi added that private sector investments accounted for approximately 66% of total investments. This reflects the state's priority in supporting the private sector as the primary engine of development, a strategic direction that has earned praise from international credit rating agencies, which have subsequently upgraded Egypt’s credit rating.
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