The Ministry of Planning, Economic Development and International Cooperation announced the continued recovery of non-oil manufacturing activity, recording an 18.8% growth in the fourth quarter of fiscal year 24/2025 and about 14.7% growth for the entire fiscal year 2024/2025, surpassing the contraction phase experienced in the previous two years.

The ministry explained that the notable growth in industrial production coincides with government measures to support industrial activity through customs clearance facilitation for industrial goods.

It added that this growth was clearly reflected in the increase of the non-oil manufacturing index by about 18.8% on average during the fourth quarter of the fiscal year; several industries witnessed high growth including motor vehicle manufacturing by about 126%, pharmaceutical and medicinal products by 52%, and ready-made garments by 41%, in addition to improved export performance.

The ministry pointed out that exports of finished goods increased by 12.8% during the fourth quarter, driven by growth in several export sectors including diverse food preparations by about 31.1%, ready-made garments by about 29.2%, and perfumes and cosmetics by 52.7%.

Dr. Rania Al-Mashat, Minister of Planning and International Cooperation, confirmed that the Egyptian economy continued its strong recovery during the fourth quarter of fiscal year 2024/2025, recording a growth rate of 5%, the highest in three years; bringing the annual growth rate for 2024/2025 to 4.4%, reflecting the resilience of the Egyptian economy in facing external shocks. This comes against the backdrop of policies supporting macroeconomic stability and commitment to public investment governance adopted by the state, as well as the implementation of policies and measures within the framework of the national structural reform program.

Al-Mashat pointed out that the growth rate during fiscal year 2024/2025, which exceeded initial expectations, was driven by the strong performance of non-oil manufacturing industries, tourism, telecommunications, and financial intermediation, reflecting an economic model based on the most productive sectors with the greatest ability to access export markets, benefiting from the advanced infrastructure established as a supportive base for manufacturing and investment, as detailed in the “National Economic Development Narrative: Policies Supporting Growth and Employment” launched on September 7.