The Economic Pulse

Economic Pulse - December 2024

A significant growth was observed in the ICT sector, enhancing Egypt’s modern economic infrastructure. Similarly, the tourism, construction, and social services sectors experienced notable expansions, supported by sustained governmental investments aimed at boosting economic activities and infrastructure development.

A critical development was Egypt’s $35 billion collaboration with Abu Dhabi’s ADQ, focusing on infrastructural enhancements and economic stabilization. Additionally, Egypt’s foreign reserves increased to USD 46.94 billion, with net Foreign Direct Investment (FDI) rising significantly to $18.2 billion, or 4.5% of GDP, indicating a strengthening economic confidence.